ARGUS(SH:603790) Zheng Quan Zhi Xing·2025-05-25 08:22Core Viewpoint - The announcement details a share reduction plan by a senior executive of Shanghai Yayun Textile Chemical Co., Ltd., indicating a planned sale of up to 717,600 shares due to personal financial arrangements, which represents 0.375% of the company's total share capital [1][2]. Summary by Sections Shareholding Basic Situation - As of the announcement date, the executive, Mr. Zeng Jianping, holds 2,870,400 shares, accounting for 1.5% of the total share capital, with shares acquired before the IPO and through capital reserve conversion [1]. Reduction Plan Details - The planned reduction will occur within three months starting from 15 trading days after the announcement, specifically from June 17, 2025, to September 16, 2025 [2]. - The reduction will be executed through centralized bidding and block trading, with a total limit of 717,600 shares [2]. - The shares to be reduced are sourced from those acquired before the IPO and through capital reserve conversion [2]. Compliance and Commitments - The executive has made prior commitments regarding share transfers, including a restriction on transferring shares within 12 months of the company's stock listing and limiting annual transfers to 25% of their holdings while in office [3]. - The current reduction plan is consistent with previously disclosed commitments [3]. Regulatory Compliance - The reduction plan adheres to the regulations set forth by the Shanghai Stock Exchange and does not pose a risk of changing the company's control [4][5].