According to the Zhitong Finance App, Jieqiang Equipment (300875.SZ) issued an announcement. Recently, the company received a “Notice Letter on the Expiration of the Term of the Holdings Reduction Plan” from shareholder CICC Zhuoyu. The period of the holdings reduction plan disclosed by CICC Zhuoyu has expired. It has reduced its holdings of shares acquired before the company's initial public offering through the centralized bidding trading system of the Shenzhen Stock Exchange and shares obtained by the company's equity distribution totaling 19.67 million shares, accounting for 2% of the company's total share capital.