Core Viewpoint - Jiangbolong (301308.SZ) announced a pre-disclosure of share reduction plan by its employee stock ownership platforms, which are controlled by the actual controller Cai Huabo, indicating a planned reduction of shares amounting to 5,480,000 shares, or 1.31% of the total share capital, between September 11, 2025, and December 10, 2025 [1][2]. Summary by Relevant Sections Share Reduction Plan - The employee stock ownership platforms, including Longxi No.1, Longxi No.2, Longxi No.3, Longjian Management, and Longxi No.5, collectively hold 69.3 million shares, representing 16.53% of the company's total share capital [1]. - The planned reduction includes specific share amounts for each platform: Longxi No.1 (1,504,035 shares), Longxi No.2 (1,504,035 shares), Longxi No.3 (1,409,143 shares), Longjian Management (564,606 shares), and Longxi No.5 (498,183 shares) [2]. Financial Background - Jiangbolong was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on August 5, 2022, with an initial public offering of 42 million shares at a price of 55.67 yuan per share, raising a total of 233.814 million yuan [4]. - The net proceeds from the IPO amounted to 218.50077 million yuan, which was 68.50077 million yuan more than the original plan of 150 million yuan intended for various projects [4]. - The company reported negative cash flow from operating activities for the years 2021 to 2024, with figures of -8.11 billion yuan, -3.26 billion yuan, -27.98 billion yuan, and -11.90 billion yuan respectively [4][5]. Future Plans - Jiangbolong submitted an application for issuing overseas listed foreign shares (H shares) to be listed on the Hong Kong Stock Exchange on March 21, 2025, which is subject to approval from relevant regulatory bodies [5].
江波龙实控人方拟减持 A股募23亿现金流负4年拟发H股