Core Viewpoint - The announcement details a share reduction plan by major shareholders of Jiangsu Xiehe Electronics Co., Ltd, indicating a strategic move to liquidate part of their holdings while adhering to prior commitments regarding share transfers [2][4]. Shareholder Holdings - Changzhou Donghe Investment Management Center (Limited Partnership) holds 1,054,000 shares, accounting for 1.20% of the total shares of Jiangsu Xiehe Electronics [2]. - Changzhou Xiecheng Investment Management Center (Limited Partnership) holds 883,000 shares, representing 1.00% of the total shares [2]. - The actual controllers of the company, Zhang Nanguo and Zhang Jianrong, are the executive partners of Donghe Investment and Xiecheng Investment, respectively [2]. Reduction Plan Details - Donghe Investment plans to reduce its holdings by up to 500,000 shares, which is 0.5682% of the total share capital [2]. - Xiecheng Investment intends to reduce its holdings by up to 380,000 shares, representing 0.4318% of the total share capital [2]. - The reduction period is set from July 4, 2025, to October 3, 2025, starting 15 trading days after the announcement [2]. Lock-up Commitments - Both Donghe Investment and Xiecheng Investment committed to not transferring or managing their shares for 36 months post-IPO [4]. - After the lock-up period, any reduction in shares must not be below the issuance price for two years [4]. - If the stock price falls below the issuance price for 20 consecutive trading days, the lock-up period will automatically extend by six months [4]. Compliance and Monitoring - The company will monitor the implementation of the shareholder reduction plan and fulfill its disclosure obligations as required [7]. - The company confirms that there are no circumstances that would lead to a change in control due to this reduction plan [8].
江苏协和电子股份有限公司股东减持股份计划公告