The major shareholder of Ruifeng Optoelectronics reduced its holdings by another 5 million shares, and the plan to reduce its holdings has come to an end for the time being.

Ruifeng Optoelectronics announced on the evening of September 12 that the company received the "Letter on the Implementation Progress of the Share Reduction Plan" from the controlling shareholder and actual controller Gong Weibin on September 12. Gong Weibin reduced his holdings of 5,000,000 shares of the company's unrestricted tradable shares through the block trading system on September 11, accounting for 2.29% of the company's total share capital.