Morn(SZ:002451) Zheng Quan Zhi Xing·2025-07-14 16:28Core Viewpoint - The major shareholder, Shanghai Rongping Information Technology Co., Ltd., plans to reduce its stake in Moen Electric Co., Ltd. due to the forced reduction of pledged shares by Dongxing Securities Co., Ltd. [1] Shareholder Information - The shareholder Shanghai Rongping Information holds 26,298,941 shares, accounting for 5.99% of the total share capital of the company [1] - The shares held by Rongping Information are subject to a pledge of 26,046,585 shares and are frozen [1] Reduction Plan Details - Rongping Information plans to reduce its holdings by up to 13,176,000 shares, which is approximately 3% of the total share capital, within three months after the announcement [1] - The reduction will occur through centralized bidding and block trading, with a maximum of 1% of the total share capital to be sold via centralized bidding and 2% via block trading [1]