GS(SH:601500) Zheng Quan Zhi Xing·2025-06-29 16:06Summary of Key Points Core Viewpoint - Jiangsu General Technology Co., Ltd. announced a share reduction plan by its shareholder Wuxi Hongdou International Investment Co., Ltd. due to funding needs, intending to reduce up to 5 million shares, representing 0.31% of the total share capital [1]. Shareholder Holding Situation - As of the announcement date, Wuxi Hongdou International Investment holds 24,000,000 shares, accounting for 1.51% of the company's total share capital [1]. Reduction Plan Details - The planned reduction will be executed through centralized bidding or block trading within three months starting from 15 trading days after the announcement [1]. - The maximum number of shares to be reduced is 5 million, which is 0.31% of the total share capital [1]. Shareholder Background - Wuxi Hongdou International Investment is not a controlling shareholder or a direct shareholder holding more than 5% of the shares [1]. - The shareholder's holdings include 20,000,000 shares obtained before the IPO and 4,000,000 shares acquired through capital reserve conversion from the 2022 annual equity distribution [1]. Related Shareholder Information - The shareholder has associated parties, including Hongdou Group Co., Ltd., which holds 267,895,060 shares (16.85%) [1]. - The total shares held by related parties amount to 282,997,828 shares, representing 17.80% of the total share capital [1]. Reduction Timing and Conditions - The reduction period is set from July 22, 2025, to October 21, 2025 [1]. - The source of the shares for reduction includes shares obtained before the IPO and those from capital reserve conversion [1].