Hangzhou Cables(SH:603618) Zheng Quan Zhi Xing·2025-07-10 16:21Core Viewpoint - The announcement details the shareholding changes of Hangzhou Cable Co., Ltd., specifically regarding the reduction of shares held by the major shareholder, Sun Qingyan, and its implications for the company's control structure [1][2]. Shareholder Information - Before the reduction plan, Sun Qingyan held 13,362,259 shares, accounting for 1.9327% of the total share capital. The actual controller and their concerted parties held a total of 373,362,259 shares, representing 54.0028% of the company [1][2]. - After the reduction, Sun Qingyan's shareholding decreased to 0 shares, while the total shares held by the actual controller and their concerted parties reduced to 360,000,000 shares, resulting in a new holding percentage of 52.0701% [2][3]. Reduction Plan Implementation - The reduction plan was disclosed on May 21, 2025, with Sun Qingyan intending to reduce his holdings by up to 1% through centralized bidding and up to 2% through block trading within a specified period [1][2]. - On July 9 and 10, 2025, Sun Qingyan executed the reduction, selling 6,912,259 shares via centralized bidding (0.9998% of total shares) and 6,450,000 shares via block trading (0.9329% of total shares) [2][3]. Impact of Shareholding Changes - The reduction in shareholding does not trigger a mandatory tender offer and will not lead to changes in the company's controlling shareholder or actual controller, nor will it significantly impact the company's governance structure or ongoing operations [2][4]. - The total amount from the share reduction was approximately 88,520,212.53 yuan, with the share price ranging from 6.46 to 6.91 yuan per share during the reduction period [3][4].