According to the announcement from 智通财经APP, Children's king (301078.SZ) announced that the shareholder HCMKW(HK) Holdings Limited (referred to as "HCM") reduced its shareholding in the listed company through block trading and concentrated bidding trading from October 17, 2022 to October 10, 2024, as well as the passive dilution caused by the increase in share capital from the issuance cancellation and issuance of restricted stocks to incentive objects of the listed company, and the conversion of convertible corporate bonds issued for the purchase of restricted shares, resulting in HCM's shareholding ratio decreasing from 11.2418% to 5.9976%.