Zhong Guo Jing Ji Wang·2025-05-19 06:45Core Viewpoint - The company Fulaient (605566.SH) announced a share reduction plan by several directors and senior management due to personal financial needs, which may impact the stock price and investor sentiment [1][2]. Group 1: Share Reduction Plans - Shareholder Da Liangkuan plans to reduce his holdings by up to 200,000 shares, representing 21.82% of his holdings and 0.15% of the company's total shares, within three months after a 15 trading day notice period [1]. - Shareholder Chen Wangquan also intends to reduce his holdings by up to 200,000 shares, with the same percentage implications as Da Liangkuan [1]. - Shareholder Ren Pengfei and shareholder Gao Xiaoli have similar plans to reduce their holdings by up to 200,000 shares each, also reflecting the same percentage of their holdings and the company's total shares [1][2]. Group 2: Shareholder Holdings - As of the announcement date, each of the aforementioned directors holds 916,800 shares, which constitutes 0.69% of the company's total share capital [2]. - The directors include Da Liangkuan (Chairman and Financial Director), Chen Wangquan (Director and Vice General Manager), Ren Pengfei (Director), and Gao Xiaoli (Director) [2]. Group 3: Company Background and Financials - Fulaient was listed on the Shanghai Stock Exchange on October 25, 2021, with an initial public offering of 33.34 million shares, accounting for 25% of the post-issue total share capital, at a price of 32.21 yuan per share [2][3]. - The total funds raised amounted to 1.074 billion yuan, with a net amount of 974 million yuan after deducting issuance costs, which aligns with the original fundraising plan [3]. - The funds are intended for projects related to eco-friendly dye information technology, automation upgrades, intermediate construction for disperse dyes, application research center construction, and working capital supplementation [3].