Chen Zhan Optoelectronics announced that the shareholder Songbao Investment Co., Ltd. plans to reduce its holdings of the company's shares by no more than 4.795,400 shares through centralized bidding or bulk transactions within 3 months after 15 trading days from the date of disclosure of the announcement, accounting for 3% of the company's total share capital. The specific shareholder LEGEND POINT INTERNATIONAL LTD plans to reduce its holdings of the company's shares by no more than 1,598,500 shares through centralized bidding within 3 months after 3 trading days from the date of disclosure of the announcement, accounting for 1% of the company's total share capital. The implementation of this holdings reduction plan will not lead to changes in the company's control and will not have a significant impact on the company's governance structure and continuous operation.