EIT(SZ:300815) Zhong Guo Jing Ji Wang·2025-07-17 07:33Core Viewpoint - The announcement details a share reduction plan by Yang Minghuan, a major shareholder of Yuhua Tian (300815.SZ), which will decrease his stake below 5% [1][2]. Group 1: Shareholder Actions - Yang Minghuan plans to reduce his holdings by up to 11,957,760 shares, representing 3% of Yuhua Tian's total shares, through centralized bidding and block trading within three months from July 2025 [1]. - From July 14 to July 15, 2025, Yang Minghuan sold 3,970,500 shares at prices ranging from 18.71 to 19.38 yuan per share, totaling approximately 75.90 million yuan [1]. - Following this transaction, Yang Minghuan's ownership decreased from 5.99611% to 4.99997%, thus no longer qualifying as a major shareholder [2]. Group 2: Company Background - As of March 31, 2025, Yang Minghuan was the second-largest shareholder of Yuhua Tian, which was listed on the Shenzhen Stock Exchange on January 23, 2020, with an initial issuance of 34.6 million shares at a price of 29.55 yuan per share [3]. - The total funds raised during the IPO amounted to 102.24 million yuan, with a net amount of 96.04 million yuan allocated for various projects, including the construction of a sanitation service operation center and smart sanitation projects [3][4]. - Yuhua Tian also disclosed plans to issue convertible bonds to raise up to 150 million yuan for investments in sanitation equipment and working capital [4].