SK(SH:688155) Zhong Guo Jing Ji Wang·2025-05-19 07:55Core Viewpoint - The announcement details the planned share reductions by major shareholders of Xianhui Technology due to personal funding needs, with specific limits on the number of shares to be sold and the timeframe for these transactions [1][2]. Group 1: Shareholder Actions - Shanghai Jinghui Investment intends to reduce its holdings by up to 647,500 shares, representing 25% of its holdings and 0.52% of the total share capital of Xianhui Technology [1]. - Shanghai Jinghui Investment will execute the share reduction through centralized bidding and block trading within three months after the announcement, with limits on the number of shares sold in any 90-day period [1]. - Shanghai Jinghui Investment currently holds 2,590,000 shares, accounting for 2.07% of the total share capital of Xianhui Technology [2]. Group 2: Shareholder Commitments - The controlling shareholders, Pan Yanqing and Wang Yinglin, have committed not to participate in the share reduction by Jinghui Investment, holding a combined total of 404,600 shares, which is 0.32% of the total shares [2]. - The total shares held by Jinghui Investment and its concerted actions amount to 59,637,528 shares, representing 47.69% of the total share capital [2]. Group 3: Company Financials - Xianhui Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on August 11, 2020, with an initial public offering of 18,910,000 shares at a price of 38.77 yuan per share [3]. - The total funds raised from the IPO amounted to 733.14 million yuan, with a net amount of 642.60 million yuan, exceeding the original plan by 243.20 million yuan [3]. - The company plans to use the raised funds for high-end intelligent manufacturing equipment research and development, as well as to supplement working capital [3]. Group 4: Future Fundraising - Xianhui Technology has received approval to issue 12,645,467 shares at a price of 50.01 yuan per share in 2024, aiming to raise approximately 632.40 million yuan [4]. - After deducting issuance costs, the net amount raised is expected to be around 619.67 million yuan, with all funds already in place [4]. - The total amount raised from both the IPO and the upcoming issuance is calculated to be 1.37 billion yuan [5].