Why did Zheng Haitao reduce its holdings of digital video?

Share reduction plan. According to relevant public information, as of February 3, 2023, all the above reduction plans of Mr. Zheng Haitao have been implemented. Zheng Haitao, the shareholder of the company, reduced his shareholding by 654.38+04.26 million shares from October 27th, 2022 to February 3rd, 2023, accounting for 0.99998% of the total shares of the company. 1 By June, 2022, the revenue composition of digital video business was: communication industry accounted for 4 1.33%, media technology industry accounted for 28.37%, other industries accounted for 19.07%, financial products related industries accounted for 7. 13%, and public safety industry accounted for 4. The chairman and general manager of Digital Video is Zheng Haitao, male, aged 59, with a master's degree.