Institutions including major shareholder Zhejiang Daily Media, Penghua Quality Governance, and the National Social Security Fund Portfolio 106 have all carried out reductions to varying degrees. The only exception is the two funds under Orient Venture that newly entered in the fourth quarter, during which Orient Venture Flexible Strategy and Orient Venture New Economy purchased 945,000 shares and 888,000 shares respectively. On October 24th of last year, DALi Technology fell by the daily limit at a price of 33.83 yuan. The dragon-tiger list data on that day showed that two institutions bought 1 million shares and 310,000 shares respectively. The 945,000 shares currently held by Orient Venture Flexible Strategy are basically equivalent to the 10.1 million shares held by the stockholder. On the 25th, DALi Technology opened lower but closed higher, with significantly increased trading volume. If Orient Venture New Economy continued to add positions on that day, it could also explain the current holdings. Of course, this is only from the perspective of the minimum reduction cost of the two funds under the Orient Venture system. Judging from DALi Technology's stock performance in the fourth quarter of last year, even if the two funds under the Orient Venture system intervened near the lowest point of DALi Technology's stock price in the fourth quarter at over 30 yuan, the two funds would still face significant unrealized losses in the future market.