Sunway(SH:603333) Zheng Quan Zhi Xing·2025-09-07 08:17Summary of Key Points Core Viewpoint - The announcement details a share reduction plan by shareholder Li Guangyuan, who holds 10.98% of the total shares of Shangwei Co., Ltd. The plan involves reducing up to 18,645,826 shares, which is 3% of the total share capital, primarily due to personal funding needs [1][3]. Group 1: Shareholder Information - As of the announcement date, Li Guangyuan holds 68,250,500 shares, representing 10.98% of the company's total share capital [1]. - The shares held by Li Guangyuan were acquired before the company's initial public offering (IPO) and were released from restrictions on May 8, 2015 [1]. - Li Guangyuan has a brother, Li Guangsheng, who holds 25,721,594 shares (4.14%), making their combined holdings 93,972,094 shares (15.12%) [1]. Group 2: Reduction Plan Details - Li Guangyuan plans to reduce his holdings by up to 18,645,826 shares, which is not more than 3% of the total share capital [1]. - The reduction will occur through two methods: a maximum of 6,215,275 shares via centralized bidding (not exceeding 1% of total shares) and up to 12,430,551 shares through block trading [1]. - The reduction period is set from September 30, 2025, to December 29, 2025 [1]. Group 3: Compliance and Commitments - The planned reduction aligns with previous commitments made by the major shareholder regarding share transfer limitations [3]. - Li Guangyuan has committed not to transfer or delegate management of shares acquired before the IPO for 36 months post-listing, and to limit annual transfers to 25% of his holdings while serving as a director [3].