HMD(SZ:002947) Xin Lang Cai Jing·2025-06-26 11:47Summary of Key Points Core Viewpoint - Suzhou Hengmingda Electronics Technology Co., Ltd. announced a share reduction plan involving major shareholders, including the controlling shareholder and senior management, indicating a potential shift in ownership dynamics and liquidity in the market [1][5]. Group 1: Share Reduction Plans - The controlling shareholder and actual controllers, including Mr. Jing Shiping and others, plan to reduce their holdings by up to 7,484,677 shares, representing 3% of the total share capital excluding repurchased shares, within three months starting from July 18, 2025 [2]. - Specific reduction details include Mr. Jing Shiping reducing 2,318,514 shares (0.9293%), Ms. Xia Chen reducing 2,631,688 shares (1.0548%), Ms. Jing Jingping reducing 1,926,061 shares (0.7720%), and Mr. Jing Jiang reducing 608,414 shares (0.2439%) [2]. Group 2: Additional Management Reductions - The financial director, Mr. Wu Zhixing, plans to reduce his holdings by up to 127,113 shares, which is 0.0509% of the total share capital excluding repurchased shares, within the same three-month period [3]. - Employees holding shares through management platforms, including Shanghai Weicheng and Tongling Hengshifeng, also plan to reduce their holdings by a total of 241,863 shares (0.0969%) and 12,675 shares (0.0051%) respectively [4]. Group 3: Reasons and Conditions for Reduction - The shareholders cited personal financial needs as the reason for the share reduction, with the selling price to be determined based on market conditions at the time of sale [5]. - The reduction plans are consistent with previous commitments regarding shareholding intentions and do not violate any existing agreements, ensuring that control of the company remains unchanged [5].