SNC Net(SH:605398) Zheng Quan Zhi Xing·2025-08-29 16:53Core Points - The announcement details a reduction in shareholding by a major shareholder, Cheng Yongxin, from 6.07% to 5.39% of Shanghai Xinjun Network Information Technology Co., Ltd. [1] - The reduction was executed through centralized bidding on August 27, 2025, totaling a decrease of approximately 110 million shares [1] - The company confirms that this change does not trigger any mandatory tender offer obligations and does not violate any prior commitments [1] Summary by Sections Shareholder Information - Cheng Yongxin is identified as a significant shareholder and the Vice General Manager of the company [1] - The announcement confirms that there are no concerted actions with other shareholders [1] Details of Equity Change - The equity change was a decrease of 0.68%, moving from 6.07% to 5.39% [1] - The total number of shares held before the change was approximately 986.93 million, which decreased to about 876.93 million after the transaction [1] Compliance and Regulations - The company adheres to relevant regulations regarding shareholder equity changes and has disclosed the information in accordance with legal requirements [2] - The announcement states that the equity change will not affect the control of the company or its major shareholders [2]