XDC(SZ:300615) Zhong Guo Jing Ji Wang·2025-09-08 08:08Core Viewpoint - The announcement reveals that the controlling shareholder and key executives of Xintian Technology plan to reduce their shareholdings, which will not affect the company's control or governance structure significantly [1][2]. Shareholding Reduction Plan - The controlling shareholder, Shi Weiping, plans to reduce his holdings by up to 5,796,800 shares, approximately 3% of the total share capital, within three months after a 15-trading-day period from the announcement [1][2]. - Vice General Manager and Board Secretary, Sun Hailong, intends to reduce his holdings by no more than 67,500 shares, about 0.0349% of the total share capital, within the same timeframe [1][2]. - The total planned reduction amounts to no more than 5,864,300 shares, approximately 3.0349% of the total share capital [1]. Financial Implications - Based on the last trading day's closing price of 14.32 yuan, the total cashing out from the planned reductions is estimated to be around 83,976,776 yuan [2]. - As of the announcement date, Shi Weiping holds 55,007,583 shares (28.47% ownership), while Sun Hailong holds 270,000 shares (0.14% ownership) [2]. Historical Shareholding Activity - Shi Weiping has previously reduced his holdings by a total of 7,385,000 shares since March 16, 2020, cashing out approximately 12.6 million yuan [2][4]. - Sun Hailong has reduced his holdings by a total of 30,000 shares since December 29, 2022, with a total cashing out of about 337,000 yuan [4][5].