HMD(SZ:002947) Zhong Guo Jing Ji Wang·2025-06-27 07:45Core Viewpoint - The announcement details the share reduction plans of major shareholders and executives of Hengmingda, indicating a potential shift in ownership dynamics and investor sentiment towards the company [1][2][3]. Shareholder Reduction Plans - Major shareholders, including the controlling shareholders, plan to reduce their holdings by up to 7,484,677 shares, representing 3% of the total share capital excluding repurchased shares, within a specified period from July 18, 2025, to October 17, 2025 [1]. - The financial officer, Wu Zhixing, intends to reduce his holdings by up to 127,113 shares, which is 0.0509% of the total share capital excluding repurchased shares, during the same period [1]. - Other shareholders through employee stock ownership platforms also plan to reduce their holdings, with a total of up to 241,863 shares from Shanghai Waicheng and 12,675 shares from Tongling Hengshifeng [2][3]. Company Background - Hengmingda was listed on the Shenzhen Stock Exchange on February 1, 2019, with an initial public offering of 30,378,003 shares at a price of 18.72 yuan per share, raising a total of approximately 568.68 million yuan [3]. - The company has conducted multiple fundraising activities, including a non-public offering in 2021 that raised 350 million yuan and a recent issuance in 2024 that raised approximately 755.99 million yuan [4][5]. - The total amount raised by Hengmingda through these fundraising activities amounts to approximately 1.67 billion yuan [6].