Hangzhou Juheshun New Material (SH:605166) Zhong Guo Jing Ji Wang·2025-09-04 06:56Core Viewpoint - Hainan Yongchang New Materials Co., Ltd., a major shareholder of Juhe Shun (605166.SH), announced a plan to reduce its shareholding due to its own funding needs, intending to sell up to 9,441,700 shares, which represents a maximum of 3% of the company's total share capital [1][2]. Shareholding Structure - As of the announcement date, Hainan Yongchang holds 34,868,538 shares, accounting for 11.08% of the total share capital of 314,729,307 shares [2]. - The combined shareholding of Fu Changbao, Hainan Yongchang, and Wenzhou Yongchang Holdings Co., Ltd. amounts to 110,084,588 shares, representing 34.98% of the total shares [2]. Reduction Plan Details - The reduction plan includes selling up to 3,147,200 shares through centralized bidding and up to 6,294,500 shares through block trading, with the reduction period set from September 25, 2025, to December 24, 2025 [1]. - Previous reductions by Hainan Yongchang from August 28, 2023, to September 24, 2023, involved selling 9,432,300 shares, which accounted for 2.989% of the total shares, generating a total amount of 83,720,473 yuan [3][4]. Fundraising Activities - Juhe Shun raised a total of 1.098 billion yuan through three fundraising activities, including an IPO and two rounds of convertible bond issuances [8]. - The funds raised are allocated for various projects, including the production of polyamide 6 chips and the establishment of a research and development center [5][7].