Kawin Technology(SH:688687) Zhong Guo Jing Ji Wang·2025-06-03 03:22Core Viewpoint - Kain Technology (688687.SH) has completed a share reduction plan, with shareholders reducing their holdings by 5,127,999 shares, representing 3.00% of the company's total share capital, resulting in approximately 126 million yuan in cash proceeds [1][2]. Group 1: Share Reduction Details - The shareholders involved in the reduction are Beijing Fushanwan Investment Management Center, Beijing Funingwan Investment Management Center, Beijing Zhuoshangshi Investment Management Center, and Beijing Zhuoshangwan Enterprise Management Center [1]. - The share reduction took place from May 16 to May 29, 2023, through block trades and centralized bidding [1]. - The total number of shares reduced was 5,127,999, which is exactly 3.00% of the company's total share capital [1]. Group 2: Company Background and Financials - Kain Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on February 8, 2021, with an initial offering price of 18.98 yuan per share [2]. - On its first trading day, the stock reached a peak price of 70.00 yuan, marking the highest point since its listing [2]. - The company raised a total of 806 million yuan from its initial public offering, with a net amount of 726 million yuan after deducting issuance costs [2]. - The intended fundraising amount was 1.092 billion yuan, allocated for new drug research and development, marketing network expansion, and working capital [2]. Group 3: Recent Corporate Decisions - On April 28, 2025, Kain Technology's board of directors and supervisory board approved the termination of a simplified procedure for issuing shares to specific targets [3].