Xingtong Shipping(SH:603209) Zheng Quan Zhi Xing·2025-07-09 15:14Core Viewpoint - The announcement details the share reduction plans of major shareholders and executives of Xingtong Shipping Co., Ltd., indicating their intent to sell a significant number of shares due to personal funding needs [1][3][5]. Shareholder and Executive Holdings - Wang Lianghua holds 16,800,000 shares, representing 5.17% of the total share capital, acquired before the IPO and through capital reserve conversion [1][4]. - Xiong'an Hehai Venture Capital holds 30,240,000 shares, accounting for 9.30% of the total share capital, with shares sourced similarly [1][4]. - Chen Qinghong holds 370,000 shares, which is 0.11% of the total share capital, with a portion acquired before the IPO [2][4]. - Shandong Riying Investment holds 4,984,000 shares, representing 1.53% of the total share capital, also sourced from pre-IPO acquisitions [2][4]. Reduction Plans - Wang Lianghua plans to reduce his holdings by up to 4,200,000 shares, not exceeding 1.29% of the total share capital, through block trading from August 1, 2025, to October 31, 2025 [3][5]. - Xiong'an Hehai Venture Capital intends to reduce its holdings by up to 6,500,000 shares, not exceeding 2.00% of the total share capital, also through block trading during the same period [5]. - Chen Qinghong plans to sell up to 73,640 shares, representing 0.02% of the total share capital, via centralized bidding [5]. - Shandong Riying Investment aims to reduce its holdings by up to 4,984,000 shares, not exceeding 1.53% of the total share capital, through block trading [5]. Reasons for Reduction - The share reductions are primarily driven by personal funding needs of the shareholders [5][9].