Lootom Telcovideo Network's Shareholders Plan to Cut 3.9% Stakes

Lootom Telcovideo Network Wuxi Co Ltd is a China-based company primarily engaged in the provision of broadband network intelligent connection and smart application overall solutions. The Company mainly operates three businesses. The broadband network intelligent connection service business mainly engages in the provision of network access to networks solutions and products and network operation and maintenance monitoring solutions. The smart Internet of Things (IoT) applications business mainly engages in the provision of smart tourism solutions, emergency management solutions, video surveillance solutions, smart park solutions and other solutions. The related technical services business mainly engages in the provision of network planning, design and engineering construction services. The Company mainly conducts its business within the domestic market.