Xi'an Manareco(SH:688550) Zheng Quan Zhi Xing·2025-03-28 15:13Core Viewpoint - The announcement details the increase in shareholding by a significant shareholder of Xi'an Ruilian New Materials Co., Ltd. and the signing of a concerted action agreement among certain shareholders, which does not trigger a mandatory takeover bid [2][8]. Shareholding Changes - Prior to the changes, major shareholder Liu Xiaochun and his concerted action partner, Xi'an Xinzhao New Materials Co., Ltd., held a total of 17,473,321 shares, accounting for 10.15% of the total share capital [2][4]. - Xi'an Xinzhao increased its holdings by 2,048,906 shares from March 21 to March 28, 2025, raising its total shareholding to 19,522,227 shares, which is 11.34% of the total [2][4]. Concerted Action Agreement - On March 28, 2025, Liu Xiaochun, along with shareholders Wang Xiaowei and Wang Yinbin, signed a concerted action agreement, resulting in a combined shareholding of 21,358,147 shares, representing 12.41% of the total share capital [3][9]. - The agreement stipulates that the parties will act in concert on matters requiring resolutions from the shareholders' meeting or board of directors, with Liu Xiaochun's opinion taking precedence in case of disagreements [5][6]. Compliance and Impact - The concerted action agreement complies with relevant laws and regulations, ensuring that it does not alter the company's main business structure or adversely affect its daily operations [8][9]. - The agreement is valid for three years, and any violation of its terms will result in the invalidation of actions taken contrary to the agreement [7][9].