Shanghai Sanyou Medical (688085) Zheng Quan Zhi Xing·2025-05-20 11:46Summary of Key Points Core Viewpoint - Shanghai Sanyou Medical Devices Co., Ltd. announced a share reduction plan by its executive David Fan due to personal financial needs, which will not affect the company's control structure significantly [1][8]. Basic Information - As of the announcement date, David Fan holds 17,379,262 shares, representing 6.25% of the total share capital. His associates, including Xu Nong and the Chaos Tiancheng Asset Management plan, collectively hold 82,813,680 shares, accounting for 29.80% of the total shares [1][2]. Details of the Reduction Plan - David Fan plans to reduce his holdings by up to 4,000,000 shares, approximately 1.44% of the total share capital, through block trading within three months starting from June 16, 2025, to September 8, 2025 [1][4]. - The reduction will be limited to a maximum of 2% of the total shares within any consecutive 90-day period [1][4]. Shareholder Information - The reduction plan does not involve other significant shareholders, such as Xu Nong and Michael Mingyan Liu, who are not participating in this reduction [2][3]. - Xu Nong holds 32,748,313 shares (11.78%), and Michael Mingyan Liu holds 25,284,935 shares (9.10%) [2][3]. Previous Commitments - The major shareholders, including David Fan and others, had previously committed not to transfer or manage their shares for a specified period following the company's IPO [5][6][7]. Impact on Control - After the planned reduction, the actual control of the company will remain unchanged, with the controlling shareholders' stake decreasing from 29.80% to 28.36% [8].