Shanghai Sanyou Medical (SH:688085) Zheng Quan Zhi Xing·2025-08-13 12:19Summary of Key Points Core Viewpoint - The announcement details a share reduction plan by Xu Nong, a significant shareholder of Shanghai Sanyou Medical Devices Co., Ltd., due to personal financial needs, involving a maximum reduction of 6,669,249 shares, representing up to 2.00% of the company's total share capital [1][4]. Group 1: Basic Information - As of the announcement date, Xu Nong directly holds 30,341,922 shares, while his action group, including David Fan, holds a total of 94,856,415 shares, accounting for 28.45% of the company [1][3]. - The action group includes the asset management plan "Chaos Tiancheng 18," which holds 8,881,404 shares, representing 2.66% of the total shares [2][4]. Group 2: Reduction Plan Details - Xu Nong plans to reduce his holdings through block trading, with the reduction period set from September 8, 2025, to December 8, 2025 [1][4]. - The maximum number of shares to be reduced is 6,669,249, and the plan is subject to a commitment that no more than 2.00% of the total shares will be sold within any consecutive 90-day period [1][4]. Group 3: Compliance and Commitments - Xu Nong and his action group have signed an agreement to form a concerted action relationship, ensuring compliance with relevant regulations regarding shareholding and reduction [3][4]. - The announcement confirms that the reduction plan aligns with previous commitments made by the shareholders regarding shareholding and trading [8][9].