Fujian Forecam Optics Co., Ltd. (SH: 688010) has announced that its shareholder, Fujian Provincial State-owned Assets Management Co., Ltd., intends to reduce its holdings. Citing its own capital needs, the shareholder plans to dispose of up to 4.8168 million shares through a combination of centralized bidding and block trades. This planned reduction represents no more than 3% of the company's total issued share capital.

The move comes as part of the shareholder's broader financial strategy, with the precise timing and execution of the sales subject to market conditions and regulatory requirements. Following the completion of this reduction, the shareholder's remaining stake will still be sizable, though the company has not indicated any further planned divestments at this stage.