Sanmei(SH:603379) Zheng Quan Zhi Xing·2025-06-27 16:30Summary of Key Points Core Viewpoint - The controlling shareholder of Zhejiang Sanmei Chemical Co., Ltd., Mr. Hu Rongda, plans to reduce his shareholding in the company through a structured selling plan, which may impact the stock's market performance and investor sentiment [1][2]. Shareholding Structure - Mr. Hu Rongda holds 230,913,959 shares, accounting for approximately 37.83% of the total share capital. His concerted party, Mr. Hu Qixiang, holds 103,738,226 shares (16.99%), and Wuyi Sanmei Investment Co., Ltd. holds 48,937,288 shares (8.02%). Together, they control 383,589,473 shares, representing 62.83% of the total share capital [1][2]. Reduction Plan Details - Mr. Hu plans to sell up to 5,684,819 shares, which is about 0.93% of the total share capital, through centralized bidding and/or block trading within three months starting from 15 trading days after the announcement [1][3]. - The selling price will be determined based on market conditions, and adjustments will be made if there are changes in the company's stock due to dividend distributions or other corporate actions [1][3]. Compliance and Commitments - Mr. Hu has previously committed not to transfer or manage his shares for 36 months following the company's IPO. The current reduction plan is consistent with this commitment [3][4]. - The company will ensure compliance with relevant regulations and timely disclosure of information during the reduction period [4].