M&G(SH:603899) Zheng Quan Zhi Xing·2025-06-25 18:49Core Viewpoint - The announcement details the share reduction plans of major shareholders and directors of Shanghai M&G Stationery Inc. due to personal funding needs, specifying the number of shares to be sold and the methods of sale [1][2][3]. Shareholder and Director Holdings - As of the announcement date, Shanghai Keping Investment Management LLP holds 14,662,558 shares, accounting for 1.59% of the total shares [1] - Shanghai Jiekui Investment Management LLP holds 14,493,900 shares, accounting for 1.57% of the total shares [1] - Director Chen Xueling holds 8,100,000 shares, accounting for 0.88% of the total shares [2] Reduction Plans - Keping Investment plans to reduce up to 4,790,658 shares, representing a maximum of 0.52% of total shares, through centralized bidding and block trading within three months starting from 15 trading days after the announcement [2][3] - Jiekui Investment plans to reduce up to 4,748,400 shares, also through centralized bidding and block trading, within the same timeframe [2][3] - Chen Xueling plans to reduce up to 2,025,000 shares, representing 0.22% of total shares, through similar methods [1][2] Reasons for Reduction - The primary reason for the share reductions is the personal funding needs of the shareholders [2][3] Shareholder Commitments - Keping and Jiekui Investments have committed not to require the company to repurchase their shares and will adhere to the minimum price conditions based on the initial public offering price [3][4] - Chen Xueling has made similar commitments regarding her shareholdings [4] Compliance and Regulations - The reduction plans comply with relevant regulations and do not pose a risk of changing the company's control [5]