ASIA CUANON(SH:603378) Zheng Quan Zhi Xing·2025-06-20 10:50Core Viewpoint - The announcement details a passive reduction in shares held by a significant shareholder of Asia Innovation Technology (Shanghai) Co., Ltd. due to forced liquidation triggered by margin account maintenance issues [1][2]. Group 1: Major Shareholder Information - The major shareholder, Shanghai Chuangnengming Investment Co., Ltd., has a consistent action partner, Shanghai Runhetongcai Asset Management Co., Ltd., which holds 31,411,350 shares, accounting for 7.33% of the company's total equity [1][2]. - The shares held by Runhetongcai originated from pre-IPO holdings and shares increased from capital reserves post-IPO [1]. Group 2: Reduction Plan Details - Runhetongcai plans to reduce its holdings by up to 12,857,899 shares, representing 3% of the total equity, due to a forced liquidation situation [1][2]. - The reduction is set to occur within three months following the disclosure of the reduction plan, with the selling price determined by market conditions at the time of sale [1][2]. - The reduction plan will be adjusted if the company implements stock dividends, capital reserve increases, or other actions that affect total equity [2]. Group 3: Compliance and Commitments - Runhetongcai previously committed not to transfer or manage its pre-IPO shares for 36 months post-listing and has specific conditions for extending lock-up periods based on stock performance [3]. - The current reduction plan aligns with previously disclosed commitments, and the shareholder is not in a situation that prohibits share reduction under relevant regulations [4].