Jovo Energy(SH:605090) Zhong Guo Jing Ji Wang·2025-07-01 07:53Core Viewpoint - The announcement reveals a share reduction plan by major shareholders of Jiufeng Energy, indicating potential changes in ownership structure and investor sentiment towards the company [1][2]. Shareholder Reduction Plan - Major shareholders Cai Liping, Cai Jianbin, and Nanjing Yingfa Venture Capital Partnership plan to reduce their holdings by up to 3,000,000 shares (0.46%), 1,200,000 shares (0.18%), and 424,400 shares (0.07%) respectively [1]. - The reduction will occur through centralized bidding or block trading from July 23, 2025, to October 22, 2025 [1]. Current Shareholding Structure - As of the announcement date, Cai Liping holds 27,669,043 shares (4.25%), Cai Jianbin holds 6,917,259 shares (1.06%), and Yingfa Investment holds 21,218,696 shares (3.26%) of the total 651,583,209 shares [2]. Company Background - Jiufeng Energy was listed on the Shanghai Stock Exchange on May 25, 2021, with an initial public offering of 82,969,866 shares at a price of 34.57 yuan per share, raising a total of 2.868 billion yuan [3]. - The funds raised were intended for the construction of two LNG transport vessels and to supplement working capital and repay bank loans [3]. Fundraising Activities - The company has raised a total of 4.068 billion yuan through two fundraising activities, including a private placement of convertible bonds approved by the China Securities Regulatory Commission [4][5]. - The private placement involved issuing 12 million convertible bonds at a face value of 100 yuan each, raising a total of 1.2 billion yuan [4].