BAIDA GROUP(SH:600865) Shang Hai Zheng Quan Bao·2025-09-09 20:47Core Viewpoint - The major shareholder, Xizi United Holdings Co., Ltd., has completed a share reduction plan, decreasing its stake in Baida Group to 15.37% from 18.37% through a series of transactions [3][5][7]. Group 1: Major Shareholder's Situation - Before the reduction plan, Xizi United held 56,861,967 shares, accounting for 15.11% of the total share capital of Baida Group [3]. - Together with its concerted actor, Chen Guihua, they held a total of 69,111,709 shares, representing 18.37% of the total share capital [3]. Group 2: Implementation of the Reduction Plan - The reduction plan was set to take place from August 15, 2025, to November 12, 2025, with a maximum reduction of 11,287,200 shares, or 3% of the total share capital [4]. - From September 1 to September 2, 2025, Xizi United reduced its holdings by 1,683,500 shares, which is 0.45% of the total share capital, bringing the combined holding percentage down to 17.92% [4]. - On September 4, 2025, an additional reduction of 7,236,000 shares occurred, further decreasing the holding percentage to 15.99% [4]. - By September 9, 2025, Xizi United had completed the reduction plan, having sold a total of 11,276,200 shares, which is 2.997% of Baida Group's total share capital [5]. Group 3: Conclusion of the Reduction Plan - The reduction plan was fully implemented without any changes to the control of the company, ensuring that the governance structure and ongoing operations remain unaffected [7].