Shanghai Sanyou Medical (SH:688085) Shang Hai Zheng Quan Bao·2025-07-25 19:15Core Viewpoint - The announcement details the share reduction plan executed by David Fan, a director and senior executive of Shanghai Sanyou Medical Equipment Co., Ltd, including the number of shares sold and the impact on ownership percentages [1][4][5]. Summary by Sections Basic Information - David Fan held 17,379,262 shares before the reduction, representing 6.25% of the company's total shares as of the disclosure date [1]. - His concerted actions with Xu Nong and others resulted in a combined holding of 82,813,680 shares, accounting for 29.80% of the total shares [1]. Implementation Results of the Reduction Plan - The reduction plan was disclosed on May 21, 2025, with a maximum of 4,000,000 shares to be sold, equating to 1.44% of the total shares [2]. - The reduction period was set from June 16, 2025, to September 8, 2025, with a limit of 2% of total shares sold within any 90-day period [2]. Share Reduction Details - Between June 16 and June 19, 2025, David Fan sold 2,600,000 shares, followed by an additional 1,400,000 shares sold from June 20 to July 25, 2025, completing the reduction plan [4][5]. - Following the share reduction and a capital increase due to a rights issue, David Fan's ownership percentage decreased from 5.32% to 4.90% [5]. Changes in Shareholding Structure - The total share capital increased from 277,885,415 shares to 333,462,498 shares due to a capital reserve conversion, affecting the shareholding percentages of all shareholders [3][7]. - The combined shareholding of David Fan and his concerted parties decreased from 28.87% to 28.45%, without crossing the 1% or 5% thresholds for reporting [5].