WPG(SH:603956) Shang Hai Zheng Quan Bao·2025-08-13 18:17Core Viewpoint - The announcement details a share reduction plan by major shareholders of Shanghai Weipai Ge Smart Water Co., Ltd., indicating their intention to sell up to 4,286,200 shares, which represents 0.7521% of the company's total share capital [2][3]. Shareholder Holding Situation - The shareholders involved in the reduction plan include Pingtan Yingke Shengda Venture Capital Partnership (Limited Partnership) and its concerted actions, holding a total of 4,286,200 unrestricted circulating shares [2]. Reduction Plan Details - The reduction plan allows the shareholders to sell up to 4,286,200 shares within three months following the announcement, using methods such as centralized bidding or block trading. The total shares sold through bidding cannot exceed 1% of the total share capital within any 90-day period, and through block trading, it cannot exceed 2% [3]. Shareholder Commitments - The shareholders have made commitments regarding their shareholding and reduction intentions, including compliance with relevant laws and regulations, and the reduction methods will include both centralized bidding and block trading [4]. Pricing and Timing of Reduction - The selling price of the shares will be determined based on the market price at the time of sale, adjusted for any corporate actions such as dividends or stock splits. The shareholders will announce their intention to reduce shares three trading days in advance [5]. Compliance with Regulations - The reduction plan is in accordance with the relevant laws and regulations, including the Securities Law of the People's Republic of China and the guidelines from the Shanghai Stock Exchange [6].