SUNSTONE(SH:603612) Zhong Guo Jing Ji Wang·2025-07-04 06:14Core Viewpoint - The controlling shareholder and actual controller of Suotong Development, along with a private fund, plan to reduce their holdings in the company by up to 10,987,214 shares, representing 2.21% of the total shares outstanding, through centralized bidding and block trading within three months after the announcement [1][2]. Shareholder Reduction Plan - The controlling shareholder, Lang Guanghui, intends to reduce his holdings by up to 9,962,000 shares (2.00% of total shares), while the private fund, Xuan Yuan Ke Xin 182, plans to reduce by up to 1,025,214 shares (0.21% of total shares) [1]. - During the reduction period, the total shares sold by Lang Guanghui and Xuan Yuan Ke Xin 182 through centralized bidding cannot exceed 1% of total shares in any consecutive 90-day period, and through block trading, it cannot exceed 2% [1]. Current Shareholding Structure - As of the announcement date, Lang Guanghui holds 82,434,966 shares (16.55% of total shares), and his concerted action partner, Wang Ping, holds 56,053,012 shares (11.25%). Together, they hold 139,513,192 shares, accounting for 28.01% of the total shares [2][3]. Company Background - Suotong Development was listed on the Shanghai Stock Exchange on July 18, 2017, with an initial issuance of 60.2 million shares at a price of 7.88 yuan per share [3]. - The total funds raised during the IPO amounted to 474.376 million yuan, with a net amount of 442.79 million yuan after deducting issuance costs [4].