Core Points - Kaishan Holdings (300257.8Z) experienced a significant decline, dropping 7.11% to a price of 14.23 yuan, marking a two-month low since September 22 [1] - The controlling shareholder, Kaishan Holdings Group Co., Ltd., plans to reduce its stake by up to 9.9364 million shares, which represents 1% of the company's total share capital [1] - The reason for the share reduction is to meet the company's operational needs and to support the funding arrangements for the construction of a green ammonia fertilizer project in Kenya [1] - The reduction period will commence fifteen trading days after the announcement and will last for three months [1]

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 Viewpoint - Kaishan Holdings Group Co., Ltd. plans to reduce its shareholding in Kaishan Co., Ltd. by up to 9,936,350 shares, representing no more than 1% of the total share capital of the company [2] Summary by Sections - Shareholding Details - The controlling shareholder, Kaishan Holdings Group Co., Ltd., holds 566,162,342 shares, accounting for 56.98% of the total share capital of the company [2] - Reduction Plan - The planned reduction will take place within three months after the announcement, starting from December 12, 2025, through centralized bidding or block trading [2]

Group 1 - Moer Thread announced an issuance price of 114.28 CNY per share, with a total of 70 million shares to be publicly issued, aiming to raise 8 billion CNY, netting approximately 7.576 billion CNY after expenses [1] - EVE Energy signed a procurement framework agreement with Simo International for battery cells from 2026 to 2028, with the agreement effective until December 31, 2028, but does not specify a concrete amount [1] - Tuojing Technology's major shareholder, the National Integrated Circuit Industry Investment Fund, plans to reduce its stake by up to 3% through block trading from December 12, 2025, to March 11, 2026 [1] Group 2 - Shengyi Electronics announced that its shareholder, Dongguan Science and Technology Innovation Investment Group, plans to reduce its stake by up to 1% from December 12, 2025, to March 11, 2026, due to funding needs [2] - Deep Technology reported that it is a leading domestic high-end storage chip packaging and testing company, currently operating at full capacity in Shenzhen and Hefei, and is expanding based on customer demand [2] - Wengfeng Co. announced that its deputy general manager, Qin Guofen, is under investigation, but this matter is personal and will not significantly impact the company's operations [2] Group 3 - Fosun Pharma's subsidiary, Shanghai Fuhong Hanlin Biotechnology, has had its drug, Surulitinib, included in the breakthrough therapy designation for gastric cancer, with no other PD-1 monoclonal antibody approved for this indication globally [3] - Daye Co. is responding to the EU's anti-dumping investigation on Chinese lawnmowers, adjusting its overseas production structure and integrating resources to mitigate impacts [4]

Core Viewpoint - Kaishan Holdings Group Co., Ltd., the controlling shareholder of Kaishan Co., Ltd. (300257.SZ), plans to reduce its shareholding by up to 9,936,350 shares, representing no more than 1% of the company's total share capital, within three months starting from December 12, 2025 [1] Summary by Category - **Shareholding Reduction Plan** - The reduction will be executed through centralized bidding or block trading methods [1] - The announcement is effective from the date of publication, with a specific timeline for the reduction [1]

每经头条（nbdtoutiao）——展望"十五五" | 专访黄群慧：既要重视AI赋能千行百业，也要考量其对就业 的替代效应和带来的收入极化 2024年1至12月份，开山股份的营业收入构成为：机械行业占比100.0%。 截至发稿，开山股份市值为152亿元。 每经AI快讯，开山股份（SZ 300257，收盘价：15.32元）11月20日晚间发布公告称，持有开山集团股份 有限公司约5.66亿股（占公司总股本的56.98%）股份的控股股东开山控股集团股份有限公司，计划自本 公告发布之日起十五个交易日后的3个月内以集中竞价方式或大宗交易方式减持公司股份合计不超过约 994万股。 （记者 曾健辉） ...

Core Points - The controlling shareholder of Kaishan Holdings Group Co., Ltd. plans to reduce its stake in Kaishan Co., Ltd. by up to 9.9364 million shares, which represents no more than 1% of the company's total share capital [1] Summary by Category - **Shareholder Actions** - The controlling shareholder intends to conduct the share reduction through centralized bidding or block trading within three months starting from December 12, 2025 [1]

Group 1 - The controlling shareholder of Kaishan Co., Ltd. plans to reduce its holdings by up to 9.9364 million shares, which is no more than 1% of the company's total share capital [1] - The reduction will take place within three months starting from December 12, 2025, following a fifteen trading day notice period [1] - The shares will be sold through centralized bidding or block trading methods [1]

Core Viewpoint - The controlling shareholder, Kaishan Holding Group Co., Ltd., plans to reduce its stake in Kaishan Co., Ltd. by up to 9.9363 million shares, representing no more than 1% of the total shares, from December 12, 2025, to March 11, 2026 [1] Group 1 - The controlling shareholder currently holds 566 million shares, accounting for 56.98% of the total shares [1] - The shares to be sold are from the company's pre-IPO issued shares [1] - The proceeds from the share reduction will be used for the company's operations and funding needs for the Kenya green ammonia fertilizer project [1]

证券代码：300257 证券简称：开山股份 公告编号：2025-044 开山集团股份有限公司 关于控股股东减持股份预披露公告 持股5%以上的控股股东开山控股集团股份有限公司保证向本 公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提 供的信息一致。 特别提示： 持有开山集团股份有限公司（以下简称"公司"或"本公司"）566,162,342 股（占本公司总股本的 56.98%）股份的控股股东开山控股集团股份有限公司（以 下简称"开山控股"），计划自本公告发布之日起十五个交易日后（即 2025 年 12 月 12 日）的 3 个月内以集中竞价方式或大宗交易方式减持本公司股份合计不 超过 9,936,350 股（不超过本公司总股本的 1%）。 公司于 2025 年 11 月 20 日收到开山控股出具的《关于减持所持开山集团股 份有限公司股份的减持计划告知函》，现将告知函具体内容公告如下： 二、本次减持计划的主要内容 1、减持原因：1、公司经营等需求；2、由于肯尼亚绿氨化肥项目已经开工 建设，项目融资从审批到放款存在"时间差"，为确保项目顺 ...