NEWAY(SH:603699) Zheng Quan Zhi Xing·2025-06-26 16:34Core Viewpoint - The announcement details a share reduction plan by the controlling shareholder, Niuwei Group, which intends to sell up to 7,490,620 shares, representing 0.97% of the total share capital, through centralized bidding within a specified period [1][2]. Shareholder Information - As of the announcement date, Niuwei Group holds 7,490,620 shares, accounting for 0.97% of the company's total share capital, with shares acquired prior to the IPO [1]. - The controlling shareholders include Wang Baoqing, Lu Bin, Cheng Zhangwen, and Xi Chao, who collectively hold significant stakes and have signed an "Action Agreement" confirming their unified control over the company [1]. Reduction Plan Details - The planned reduction will occur from July 18, 2025, to October 17, 2025, with the selling price determined by market conditions [2]. - The reason for the share reduction is stated as a need for shareholder funds [2]. - Niuwei Group has previously made commitments regarding shareholding, including a 36-month lock-up period post-IPO, which has been adhered to [2][3]. Compliance and Risk - The share reduction plan is consistent with prior commitments made by Niuwei Group and complies with relevant regulations [3]. - The company will monitor the implementation of the reduction plan and fulfill its disclosure obligations as required by law [3].