Xin Lang Zheng Quan·2025-09-07 08:17Group 1 - The major shareholder Jiangshan Co., Ltd. plans to reduce its stake in Nantong Jiangtian Chemical, holding 12.02% of the shares, by selling up to 433.08 million shares, which is 3% of the total share capital, within three months from September 29, 2025, to December 28, 2025 [1] - The reduction will occur through centralized bidding or block trading, with a maximum of 144.36 million shares (1% of total shares) through centralized bidding and 288.72 million shares (2% of total shares) through block trading [1] - Jiangshan Co. stated that the reason for the reduction is due to its own funding needs, with shares acquired before the IPO and through capital reserve conversion [1] Group 2 - Jiangshan Co. is compliant with regulations and has not violated any commitments made during the IPO process, ensuring that the planned reduction aligns with previous intentions [2] - The implementation of the reduction plan is uncertain and will depend on market conditions and stock price, but it will not change the control structure of Nantong Jiangtian Chemical as Jiangshan Co. is not the controlling shareholder [3] - The market's reaction to this major shareholder reduction and the subsequent stock price movement of Nantong Jiangtian Chemical will be closely monitored [3]