### Overview Puyuan Information Technology Co., Ltd. is a company that specializes in providing information technology solutions and services. This article reviews the recent rights change report for the period of late May 2025, which highlights significant changes in the shareholding of key individuals involved with the company.

### Key Financials During the recent period from May 23 to May 26, 2025, key shareholders Huang Zufeng and Cheng Yinna reduced their holdings from 4,711,310 shares to 4,590,810 shares, a decrease of 120,500 shares, equating to 0.1312% of the company's total equity. Consequently, their combined ownership percentage fell from 5.0136% to 4.9999%, indicating they are no longer classified as substantial shareholders.

### Management Commentary The report underscores a commitment to transparency, with the disclosing parties affirming that no undisclosed material information exists that could influence investor decisions. Despite the share reduction, which typically raises questions about confidence levels in the company's future, management maintained a neutral tone without indicating dire financial circumstances.

### Trends and Drivers The share reduction appears to be driven by the personal financial planning needs of the shareholders rather than any critical operational issues within Puyuan. While there is no indication of negative sentiment stemming from operational performance in the report, the decision to sell may raise concerns among investors regarding the stability of the company’s stock and the potential need for liquidity by significant shareholders.

### Risks and Outlook Key risks highlighted involve the implications of reducing stakes by significant stakeholders, as this often prompts speculation about potential underlying issues or a lack of confidence in ongoing company performance. The report also notes that the disclosing parties have no current plans for further share increases or reductions in the next twelve months; however, future developments in their ownership should be closely monitored, as they could significantly impact share price dynamics.

### Conclusion Overall, the recent reduction in shareholding by Huang Zufeng and Cheng Yinna indicates a nuanced shift in Puyuan Information Technology’s ownership landscape. While the shareholders remain compliant with disclosure regulations, their decision seems to signal a cautious approach amid the broader market conditions. Investors should stay vigilant regarding shareholder movements and assess how these changes might affect the company’s perception in the market going forward.