Farsoon(SH:688433) Zheng Quan Zhi Xing·2025-06-18 10:33Core Viewpoint - The major shareholder, Hunan Xingwang Construction Co., Ltd., has reduced its stake in Hunan Huashu High-Tech Co., Ltd. by 5,683,063 shares, representing a decrease from 21.94% to 20.57% of the total share capital, and the reduction plan has been terminated early [1][2][3]. Group 1: Shareholder Information - Hunan Xingwang Construction held 90,884,880 shares before the reduction, which accounted for 21.94% of the total share capital [1][3]. - The shares were acquired prior to the company's IPO and were held since April 2024 [1]. Group 2: Reduction Plan Implementation - The reduction plan was initially announced on February 28, 2025, with a maximum intended reduction of 8,283,376 shares, not exceeding 2% of the total share capital [1][3]. - The actual reduction occurred between May 20, 2025, and June 17, 2025, through block trading, with a total of 5,683,063 shares sold at prices ranging from 30.88 to 35.16 yuan per share, totaling approximately 186.09 million yuan [1][3][4]. - The plan was terminated early due to various factors, including the shareholder's funding needs and market conditions, resulting in 2,600,313 shares remaining unsold [4]. Group 3: Impact of the Reduction - The reduction does not trigger a mandatory tender offer and will not lead to changes in the company's controlling shareholder or actual controller [2][4]. - The governance structure and future operations of the company are not expected to be significantly affected by this change in shareholding [2][4].