XUELONG(SH:603949) Zheng Quan Zhi Xing·2025-06-13 13:48Core Viewpoint - The announcement details a share reduction plan by major shareholder He Cailin due to personal financial needs, involving a maximum reduction of 6,334,090 shares, which is 3.00% of the total shares outstanding [1][2][4]. Shareholder Holding Situation - As of the announcement date, He Cailin directly holds 27,820,660 shares, accounting for 13.18% of the total shares. His associates, He Pinyan and He Qunyan, each hold 24,170,020 shares (11.45%), while Ningbo Weirsa Investment Holding Co., Ltd. holds 31,471,440 shares (14.91%). Collectively, these shareholders own 149,480,240 shares, representing 70.80% of the total shares [1][2][4]. Reduction Plan Details - He Cailin plans to reduce his holdings through centralized bidding and block trading, with a maximum of 6,334,090 shares to be sold within three months starting 15 trading days after the announcement. The reduction will be limited to 1.00% of total shares via centralized bidding and 2.00% via block trading within any consecutive 90-day period [2][4][6]. Shareholding Source and Conditions - The shares intended for reduction were acquired before the IPO and through capital reserve increases post-listing, and they are all unrestricted circulating shares [2][4]. Commitment and Compliance - He Cailin and his associates had previously committed not to transfer or manage their shares for 36 months post-IPO. This commitment includes conditions on the price and volume of shares that can be sold after the lock-up period [4][5][6]. Impact on Company Governance - The planned share reduction is not expected to significantly impact the company's governance structure or ongoing operations, and it complies with relevant laws and regulations [7].