Xingtong Shipping(SH:603209) Shang Hai Zheng Quan Bao·2025-08-01 19:52Core Viewpoint - The announcement details a reduction in shareholding by major shareholders of Xingtong Shipping Co., Ltd., which does not trigger a mandatory takeover bid and does not affect the company's controlling shareholder or actual controller [2][3]. Group 1: Shareholding Changes - The reduction in shareholding involves Shandong Riying Investment Co., Ltd. (Riying Investment), Mr. Chen Qinghong, and Xiong'an Hehai Venture Capital Partnership (Limited Partnership) as acting in concert, collectively holding 32,499,900 shares, representing 10.00% of the total share capital of the company [2]. - Riying Investment reduced its holdings from 4,984,000 shares (1.53% of total shares) to 1,889,900 shares (0.58% of total shares) through block trading, amounting to a decrease of 3,094,100 shares (0.95% of total shares) [5][15]. Group 2: Background and Purpose of the Change - The shareholding change is attributed to personal financial needs of the shareholders, following a previously disclosed reduction plan [4][14]. - The reduction plan includes a maximum of 6,500,000 shares (2.00% of total shares) to be sold by Hehai Venture Capital, and 73,640 shares (0.02% of total shares) by Mr. Chen Qinghong [4][14]. Group 3: Impact on Company Structure - The reduction in shareholding does not involve changes to the company's controlling shareholder or actual controller, and is not expected to significantly impact the company's governance structure or ongoing operations [3][7].