BENEFO(SH:600468) Zheng Quan Zhi Xing·2025-07-11 16:13Summary of Key Points Core Viewpoint - Tianjin Baile Electric Co., Ltd. announced a share reduction plan by its shareholder, Tianjin Xinhao Investment Development Co., Ltd., which holds 2.23% of the company's total shares. The reduction is due to operational needs and will not significantly impact the company's governance structure or ongoing operations [1][2][6]. Shareholder Holding Situation - As of the announcement date, Tianjin Xinhao Investment holds 24,267,831 shares, representing 2.23% of the total share capital. The total shares held by Xinhao Investment and its concerted actions amount to 630,039,312 shares, or 57.92% of the total [1][4]. Reduction Plan Details - Xinhao Investment plans to reduce its holdings by up to 21,754,706 shares, which is not more than 2% of the total share capital. The reduction will occur through centralized bidding and block trading, with a maximum of 10,877,353 shares to be sold via centralized bidding [2][4]. - The reduction period is set from August 4, 2025, to November 1, 2025. The actual number of shares to be reduced may be adjusted based on corporate actions such as dividends or capital increases [2][4]. Shareholder Background - Xinhao Investment is an indirect controlling shareholder of the company through Tianjin Baile Machinery Equipment Group Co., Ltd. and Tianjin Hydraulic Machinery (Group) Co., Ltd. [1][3]. Compliance with Previous Commitments - The major shareholders, including Xinhao Investment, have previously made commitments not to reduce their holdings for specified periods, which they have adhered to. The current reduction plan is consistent with these prior commitments [5][6].