Zhejiang MTCN Technology announced that its shareholder LONGi Green Energy Technology plans to reduce its shareholding by no more than 3.9 million shares, representing 3% of the company's total share capital, through centralized bidding or block trading within three months after the disclosure of the reduction plan, starting 15 trading days after the disclosure date. As of the announcement date, LONGi Green Energy Technology holds 11.7 million shares, accounting for 9% of the company's total share capital. This reduction is due to the shareholder's own funding needs, and the reduction price will be determined based on the secondary market price and trading method at the time of the reduction.