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Light Media: Plans to sell no more than 4.00% of its holdings in Danghong Technology stock
Light Media Announcement: The company currently holds 8.84M shares of Hangzhou Danghong Technology Co., Ltd., accounting for 8.00% of its total share capital. To improve asset operation efficiency, optimize the company’s asset structure, and maximize shareholder value, the company’s board of directors proposes to request shareholders’ approval to authorize management and its authorized personnel to sell, based on market conditions, no more than 4.00% of the company’s total share capital of Danghong Technology shares.