Core Viewpoint - Wanfu Co., Ltd. (603172.SH) experienced a significant decline in stock price, dropping 6.58% to 17.6 yuan, marking the lowest level since October 14 [2] Summary by Relevant Sections - **Stock Performance** - The stock price of Wanfu Co., Ltd. fell to 17.6 yuan, a decrease of 6.58%, reaching a new low since October 14 [2] - **Shareholding Changes** - Wanfu Co., Ltd. announced that Zhoushan Ruihao plans to reduce its holdings by up to 2.3324 million shares through block trading from December 12 to March 11, 2026, which represents up to 1.75% of the company's total share capital [2] - The reduction plan carries implementation uncertainties but will not lead to a change in company control or significantly impact company operations [2]

Core Insights - On November 20, several companies disclosed their share repurchase and reduction plans, indicating varying levels of confidence in their stock performance [1] Group 1: Share Repurchase Plans - Eddie Precision plans to repurchase A-shares worth between 100 million to 200 million yuan [2] - Aviation Materials plans to repurchase shares worth between 50 million to 100 million yuan [2] - Changshu Bank's executives plan to increase their holdings by no less than 550,000 shares [2] Group 2: Share Reduction Plans - New Hongze's major shareholder reduced their holdings during a period of abnormal stock fluctuations [2] - General Electric's Singapore company plans to reduce its holdings by no more than 3% in China Xidian [2] - Senior management of Lifespring Pharmaceutical plans to reduce their holdings by no more than 0.0044% [2] - Shareholder Zhoushan Ruihao of Wan Feng plans to reduce holdings by no more than 1.75% [2] - Shareholders of Dongxin plan to collectively reduce holdings by no more than 0.71% [2] - Haigang Group, a shareholder of Hainan Mining, plans to reduce holdings by no more than 0.75% [2] - Actual controller Zhang Guifeng of Fulongma reduced 3.7812 million shares from November 19 to November 20 [2] - Shareholder Dongguan Kechuang Investment Group of Shengyi Electronics plans to reduce holdings by no more than 1% [2] - Shareholder Qinyi Partnership of Yayi Technology plans to reduce holdings by no more than 0.25% [2] - Controlling shareholder Yuansi Industrial of New City plans to reduce holdings by no more than 3% [2] - Controlling shareholder of Kaishan plans to reduce holdings by no more than 1% [2] - The largest shareholder of Tuo Jing Technology, the National Fund, plans to reduce holdings by no more than 3% [2] - Controlling shareholder Li Zheng of Wajinjiao plans to reduce holdings by no more than 3% [2] - Shareholder Shanxi Huaxin Hai of Baose plans to reduce holdings by no more than 1% [2] - Shareholders of Huaya Intelligent plan to collectively reduce holdings by 399.21 million shares, accounting for 2.98% of total share capital [2] - Directors and executives of Changxin Bochuang plan to collectively reduce holdings by no more than 0.05% [2] - Shareholders of Longxun plan to collectively reduce holdings by no more than 2.63% [2] - Some directors and executives of Fulede plan to collectively reduce holdings by no more than 0.0104% [2]

Core Points - Wan Feng Co., Ltd. announced that its shareholder, Zhoushan Ruihao Equity Investment Co., Ltd., plans to reduce its holdings of the company's shares due to funding needs [1] - Zhoushan Ruihao currently holds 2,332,400 shares, representing 1.75% of the total share capital of the company [1] - The reduction will occur through block trading, with a maximum of 2,332,400 shares to be sold at market price within a specified period from December 12, 2025, to March 11, 2026 [1] Summary by Category Shareholder Actions - Zhoushan Ruihao intends to reduce its stake in Wan Feng Co., Ltd. by selling up to 2,332,400 shares [1] - The planned reduction is due to the shareholder's own funding requirements [1] Shareholding Structure - Zhoushan Ruihao holds 2,332,400 shares, which is 1.75% of the total share capital of Wan Feng Co., Ltd. [1] Trading Details - The share reduction will be executed via block trading, with the selling price determined by market conditions [1] - The reduction period is set for 90 days starting from 15 trading days after the announcement [1]

Group 1 - The core point of the news is that Wanfeng Co., Ltd. plans to reduce its shareholding by approximately 2.33 million shares, which is about 1.75% of the company's total share capital, due to its own funding needs [1] - The share reduction will be conducted through block trading and will take place within 90 days after the announcement of the reduction plan, starting from the 15th trading day [1] - As of the latest report, Wanfeng Co., Ltd. has a market capitalization of 2.5 billion yuan [2] Group 2 - For the fiscal year 2024, Wanfeng Co., Ltd.'s revenue composition is heavily weighted towards dye manufacturing, accounting for 99.29% of total revenue, while other businesses contribute only 0.71% [1]

Core Viewpoint - Wanfu Co., Ltd. (603172.SH) announced that Zhoushan Ruihao plans to reduce its shareholding by up to 2.33 million shares, representing no more than 1.75% of the company's total share capital due to its own funding needs [1] Summary by Category - **Shareholding Reduction Plan** - Zhoushan Ruihao intends to reduce its stake in Wanfu Co., Ltd. through block trading [1] - The maximum number of shares to be sold is 2.33 million [1] - This reduction accounts for a maximum of 1.75% of the company's current total share capital [1]

Core Viewpoint - Wan Feng Co., Ltd. (603172.SH) announced that Zhoushan Ruihao plans to reduce its shareholding by up to 2.33 million shares, representing no more than 1.75% of the company's total share capital due to its own funding needs [1] Summary by Category - **Share Reduction Plan** - Zhoushan Ruihao intends to reduce its stake in Wan Feng Co., Ltd. through block trading [1] - The maximum number of shares to be sold is 2.33 million [1] - This reduction accounts for up to 1.75% of the company's current total share capital [1]

浙江万丰化工股份有限公司 关于特定股东减持股份计划的公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：603172 证券简称：万丰股份 公告编号：2025-039 重要内容提示： | 股东名称 | 舟山瑞好 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 | √否 | | | 直接持股 5%以上股东 | □是 | √否 | | | 董事、监事和高级管理人员 | □是 | √否 | | | 其他：5%以下股东 | | | | 持股数量 | 2,332,400股 | | | | 持股比例 | 1.75% | | | | 当前持股股份来源 | IPO 前取得：2,332,400股 | | | 一、减持主体的基本情况 1 股东持股的基本情况：截至本公告披露日，浙江万丰化工股份有限公 司（以下简称"公司"）股东舟山瑞好股权投资有限公司（曾用名"宁 波瑞好投资有限公司"，以下简称"舟山瑞好"）持有公司无限售条件 流通股 2,332,400 股 ...

Core Viewpoint - Wan Feng Co., Ltd. (603172.SH) announced a share reduction plan due to the funding needs of Zhoushan Ruihao, which will involve a maximum reduction of 2.3324 million shares, accounting for 1.75% of the company's total share capital [1] Group 1 - The share reduction will be executed through block trading [1] - The reduction period is set from December 12, 2025, to March 11, 2026, starting 15 trading days after the announcement [1] - The selling price will be determined based on market prices [1]

Core Viewpoint - Wanfu Co., Ltd. announced that shareholder Zhoushan Ruihao holds 1.75% of the company's shares and plans to reduce its holdings through block trading from December 12 to March 11, 2026, with a maximum reduction of 2.3324 million shares, which is 1.75% of the total share capital [1] Summary by Relevant Sections - Shareholder Information - Zhoushan Ruihao is a specific shareholder holding 1.75% of Wanfu Co., Ltd.'s shares [1] - Reduction Plan - The reduction plan involves selling up to 2.3324 million shares via block trading, equivalent to 1.75% of the company's total share capital [1] - The selling price will be determined based on market conditions [1] - Impact on Company - The reduction plan carries implementation uncertainties but will not lead to a change in company control [1] - The plan is not expected to have a significant impact on the company's operations [1]

Group 1 - The company held its first extraordinary shareholders' meeting on November 17, 2025, to elect the third board of directors, which includes non-independent directors, independent directors, and employee representative directors [2][12] - The first meeting of the third board of directors was held on the same day, where all directors agreed to waive the notice period for the meeting [2][4] - The board elected Ms. Yu Xingying as the chairperson of the third board of directors, with a term of three years [4][5] Group 2 - The board established several specialized committees, including the Audit Committee, Strategy Committee, Nomination Committee, and Compensation and Assessment Committee, with independent directors holding a majority in the committees [6][7] - The board approved the appointment of senior management, including Ms. Yu Xingying as the general manager and other key positions such as vice general managers and financial director [9][32] Group 3 - The company announced a performance briefing session scheduled for November 24, 2025, to discuss its third-quarter performance and engage with investors [16][18] - The meeting will be held online, allowing investors to submit questions in advance [21][22] Group 4 - The company completed the election of the third board of directors, which consists of 5 non-independent directors, 3 independent directors, and 1 employee representative director [31] - The newly elected board members and senior management meet the qualifications required by relevant laws and regulations [32][34]