Lily Group(SH:603823) Shang Hai Zheng Quan Bao·2025-09-09 21:46Core Viewpoint - The actual controller of Baihehua Group Co., Ltd. plans to reduce shareholding due to personal financial needs, which may impact the company's stock performance and investor sentiment [3][9]. Shareholding Structure - As of the disclosure date of the reduction plan, the actual controller Chen Lirong and his concerted actors hold a total of 286,811,607 shares, accounting for 68.88% of the total share capital [2]. - Chen Lirong holds 17,025,563 shares, representing 4.09% of the total share capital, with 11,689,363 shares being tradable and 5,336,200 shares being restricted [2]. - Chen Pengfei holds 5,844,683 shares, accounting for 1.40% of the total share capital, all of which are tradable [2]. - Baihehua Holdings, controlled by Chen Lirong, holds 263,941,361 shares, representing 63.39% of the total share capital, all of which are tradable [2]. Reduction Plan Details - The reduction plan will commence 15 trading days after the announcement, from October 9, 2025, to January 8, 2026, with a maximum of 2,900,000 shares to be sold, which is 24.81% of his tradable shares and 0.70% of the total share capital [3][4]. - The selling price will be determined based on market conditions, and any corporate actions affecting total share capital will adjust the number and proportion of shares to be reduced [3][4]. Commitments and Restrictions - Chen Lirong made commitments regarding shareholding, including a lock-up period of 36 months post-IPO, during which he will not transfer or manage his shares [5][6]. - After the lock-up period, he can only transfer up to 25% of his shares annually while adhering to specific conditions regarding share price and market performance [6][7]. - The planned reduction aligns with previously disclosed commitments, ensuring compliance with relevant laws and regulations [8].