Core Viewpoint - The major shareholder, Shuangyang Rural Commercial Bank, plans to reduce its stake in *ST Wanfang by up to 3% of the total share capital, which amounts to a maximum of 9.341596 million shares, due to its own funding needs [1] Summary by Relevant Sections - Shareholder Reduction Plan - Shuangyang Rural Commercial Bank intends to reduce its holdings within three months starting from fifteen trading days after the announcement [1] - The reduction will be executed through centralized bidding or block trading [1] - Impact on Shareholding - If the reduction plan is fully executed, Shuangyang Rural Commercial Bank will no longer be a shareholder with more than 5% ownership in the company [1] - Reason for Reduction - The reason for the reduction is attributed to the bank's own funding requirements [1] - Source of Shares - The shares to be reduced were acquired through judicial seizure on March 15, 2024 [1] - Reduction Period - The planned reduction period is set from May 27, 2025, to August 25, 2025, with the price range to be determined based on market conditions [1]
*ST万方:持股5%以上股东双阳农商行计划减持不超过3%公司股份