KINGFA(SH:600143) Zheng Quan Zhi Xing·2025-07-09 09:15Summary of Key Points Core Viewpoint - The announcement details the completion of a share reduction plan by shareholder Xiong Haitao, who reduced her holdings in Jinfat Technology Co., Ltd. by approximately 26.36 million shares, representing 0.9998% of the company's total share capital [1][4]. Group 1: Shareholder Information - Before the reduction plan, Xiong Haitao held 69,601,359 shares, accounting for 8.2015% of the total share capital [1]. - The reduction plan was initially disclosed on March 21, 2025, with a maximum intended reduction of 26,360,000 shares [1]. - The actual reduction occurred between April 25, 2025, and July 8, 2025, with a total of 26,359,900 shares sold [1][4]. Group 2: Reduction Details - The shares were sold through centralized bidding, with a price range of 10.26 to 11.22 CNY per share [3]. - The total amount raised from the share reduction was approximately 281.81 million CNY [3]. - After the reduction, Xiong Haitao and her concerted actions still hold a combined total of 189,881,459 shares, which is 7.2017% of the total share capital [3][4]. Group 3: Compliance and Confirmation - The actual reduction was consistent with the previously disclosed plan, and the minimum reduction quantity was achieved [4]. - The reduction plan was not terminated early and was fully implemented as intended [4].