Newamstar(SZ:300509) Zheng Quan Zhi Xing·2025-05-18 08:15Core Viewpoint - Jiangsu Xinmeixing Packaging Machinery Co., Ltd. announced a share reduction plan by its controlling shareholder, He Deping, who currently holds 93,989,399 shares, accounting for 31.71% of the total share capital [1][2]. Summary by Sections Shareholder Information - He Deping is one of the actual controllers and major shareholders of the company [2]. Share Reduction Plan - He Deping plans to reduce his holdings by no more than 8,892,000 shares, which is up to 3% of the total share capital, starting 15 trading days after the announcement [1][2]. - The reduction will occur through two methods: - A maximum of 2,964,000 shares (1% of total share capital) via centralized bidding [1][2]. - A maximum of 5,928,000 shares (2% of total share capital) via block trading [1][2]. Compliance with Previous Commitments - The current reduction plan is consistent with previously disclosed intentions and commitments by the shareholder [2]. Lock-up and Reduction Commitments - He Deping has made commitments regarding share transfer restrictions, including: - No transfer of shares for 36 months post-listing and automatic extension of the lock-up period under certain conditions [2][4]. - Any reduction after the lock-up period must not exceed 5% of the total share capital and must be at or above the issue price [4].