PRIMARIUS(SH:688206) Zheng Quan Zhi Xing·2025-09-03 16:29Core Viewpoint - The report outlines the equity changes of Shanghai Gaialun Electronics Co., Ltd, indicating a reduction in shareholding by several investment entities due to their funding needs, with a total reduction of shares amounting to 4,351,778 shares, representing 1% of the company's total share capital [8][9][10]. Group 1: Information Disclosure Obligors - The report identifies five information disclosure obligors, including: 1. Gongqingcheng Jinqiu Equity Investment Management Partnership (Limited Partnership) [4] 2. Gongqingcheng Jiacheng Equity Investment Partnership (Limited Partnership) [5] 3. Jinggangshan Jingyuan Equity Investment Partnership (Limited Partnership) [6] 4. Gongqingcheng Ruicheng Equity Investment Partnership (Limited Partnership) [6] 5. Zhuzhou Guoxing Tongying Venture Capital Partnership (Limited Partnership) [6] - All obligors are registered in Jiangxi Province and have a common address in Shanghai [4][5][6]. Group 2: Shareholding Changes - Prior to the equity change, the shareholding structure was as follows: - Jinqiu Investment held 33,588,352 shares (7.74%) - Jiacheng Investment held 10,773,624 shares (2.48%) - Jingyuan Investment held 7,400,000 shares (1.71%) - Ruicheng Investment held 4,933,333 shares (1.14%) - Guoxing Tongying held 2,076,440 shares (0.48%) - Total combined shareholding was 58,771,749 shares (13.55%) [9][14]. - After the reduction, the new shareholding structure is: - Jinqiu Investment: 23,467,043 shares (5.39%) - Jiacheng Investment: 7,265,612 shares (1.67%) - Jingyuan Investment: 6,561,914 shares (1.51%) - Ruicheng Investment: 4,377,119 shares (1.01%) - Guoxing Tongying: 1,846,097 shares (0.42%) - Total combined shareholding is now 43,517,785 shares (10.00%) [10][15]. Group 3: Future Plans - The obligors plan to continue reducing their holdings within the next 12 months, with a maximum of 4,351,778 shares to be sold through centralized bidding and block trading [8][9]. - The reduction is driven by the need for liquidity, and the selling price will be determined by market conditions [8][9].