Union Precision(SH:688210) Zheng Quan Zhi Xing·2025-08-08 11:14Core Viewpoint - The major shareholders of Shenzhen Panhai Tonglian Precision Manufacturing Co., Ltd. plan to reduce their holdings, which will not lead to a change in the company's control or significantly impact its ongoing operations [1][7]. Shareholder Information - As of the announcement date, the controlling shareholder, Yang Hu, holds 34,909,595 shares, accounting for 21.79% of the total share capital. The limited partnership, Shenzhen Panhai Tonglian Technology Enterprise, holds 8,557,711 shares, representing 5.34% of the total share capital [1][2]. - The shares held by these shareholders were acquired before the company's IPO and have been released from restrictions since June 27, 2025 [1]. Reduction Plan Details - Yang Hu plans to reduce his holdings by up to 3,805,730 shares, which is no more than 2.3750% of the total share capital. This includes a maximum of 600,904 shares through block trading and 1,001,508 shares through centralized bidding [2][3]. - The reduction period is set for three months starting from 15 trading days after the announcement, with specific limits on the number of shares that can be sold within any 90-day period [2][3]. Reasons for Reduction - The reduction is primarily due to personal financial needs for Yang Hu and funding requirements for the limited partnership [3][4]. Compliance and Commitments - The shareholders have committed to comply with relevant regulations regarding share reduction and will disclose their plans in advance as required [4][5]. - The company assures that the reduction will not affect its governance structure or ongoing operations significantly [7].