Tuopu Group(SH:601689) Zhong Guo Jing Ji Wang·2025-06-17 03:21Core Viewpoint - The actual controller and vice chairman of Top Group plan to reduce their shareholdings, which may indicate a shift in management strategy or market conditions [1][2]. Shareholding Reduction Plan - The actual controller and chairman, Wu Jianshu, intends to reduce his holdings by up to 2,999,182 shares, representing 0.1726% of the total shares, within three months starting from July 8, 2025 [1]. - The vice chairman, Wu Haonian, plans to reduce his holdings by up to 495,646 shares, equivalent to 0.0285% of the total shares, during the same period [1]. - Both individuals will not exceed 25% of their total shareholdings in this reduction [1]. Financial Implications - The combined share reduction of 3,494,828 shares could yield approximately 162 million yuan based on the closing price of 46.41 yuan per share on June 16 [2]. - The reduction will adhere to regulations, allowing a maximum of 1% reduction through centralized bidding and 2% through block trading within any consecutive 90-day period [2]. Current Shareholding Structure - As of the announcement date, the controlling shareholder, Maike International Holdings (Hong Kong) Limited, holds 1,005,836,000 shares, accounting for 57.8787% of the total shares [2]. - Wu Jianshu directly holds 11,996,731 shares, representing 0.6903% of the total shares, while Wu Haonian holds 1,982,585 shares, or 0.1141% [3]. - The total shares held by the aforementioned parties amount to 1,029,751,775, which is 59.2548% of the total shares [3].