Zhuhai (SH:688175) Zhong Guo Jing Ji Wang·2025-08-04 07:08Core Viewpoint - High Ling Information (688175.SH) announced a share reduction plan by its shareholders due to personal funding needs, involving a total reduction of up to 3.13 million shares, which represents approximately 2.42% of the company's total share capital [1][2][3] Shareholder Reduction Plans - Shareholder Zhihao Investment plans to reduce up to 800,000 shares, accounting for no more than 0.62% of the total share capital, within three months after the announcement [1] - Shareholder Qucheng Investment intends to reduce up to 1,000,000 shares, representing no more than 0.77% of the total share capital, also within three months after the announcement [2] - Shareholder Huajin Lingyue aims to reduce up to 1,330,000 shares, which is no more than 1.03% of the total share capital, with a limit of 1% of total shares through centralized bidding over 90 days [2] Background and Context - The total planned reduction of shares by Zhihao Investment, Qucheng Investment, and Huajin Lingyue amounts to 3.13 million shares [3] - Zhihao Investment and Qucheng Investment are employee shareholding platforms, and the reduction is intended to meet some employees' funding needs while incentivizing them to create value for the company [3] - Key partners in Zhihao Investment and Qucheng Investment, including the actual controller and senior management, have committed not to participate in this reduction [3] Company Financials and IPO Details - High Ling Information was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 15, 2022, with an initial issuance of 23.226 million shares at a price of 51.68 yuan per share [3] - The total amount raised during the IPO was 1.2 billion yuan, with a net amount of 1.11 billion yuan after expenses, which were 90.08 million yuan [4] - The company initially aimed to raise 1.502 billion yuan for various projects, including upgrades to security communication systems and data centers [4] Dividend Distribution - In 2024, the company announced a cash dividend of 0.2 yuan per share and a capital reserve increase of 0.4 shares per share, resulting in a total share capital increase to 130,068,930 shares [5]