Zheng Quan Zhi Xing·2025-08-29 17:25Core Viewpoint - The announcement details a share reduction plan by a major shareholder, China Merchants Highway Network Technology Holdings Co., Ltd., which holds 29.06% of Anhui Wantuo Expressway Co., Ltd. The reduction is driven by business development needs and funding requirements, and it will not affect the company's control or governance structure [1][2]. Group 1: Shareholder Information - The major shareholder, China Merchants Highway, holds 496,587,500 shares, representing 29.06% of the total share capital, with 404,191,500 shares in A-shares and 92,396,000 shares in H-shares [1][2]. - The shares were acquired through administrative transfer (347,019,000 shares) and centralized trading [1][2]. Group 2: Reduction Plan Details - The reduction plan involves a maximum of 51,257,700 shares, which is up to 3.00% of the total shares [2]. - The reduction will occur through centralized bidding (up to 17,085,900 shares) and block trading (up to 34,171,800 shares) [2]. - The reduction period is set from September 2025 to December 2025 [2]. Group 3: Purpose and Impact - The reduction is based on the shareholder's business development needs and funding requirements [2]. - The plan will not lead to a change in control of the company and will not significantly impact its governance or ongoing operations [2][4].