Xin Lang Zheng Quan·2025-09-10 13:57Core Viewpoint - Shenzhen Huakong Saige Co., Ltd. announced that its major shareholder, Shenzhen Saige Co., Ltd., plans to reduce its shareholding in the company [1][3]. Shareholding Situation - As of now, Shenzhen Saige holds 142,792,846 shares, accounting for 14.18% of the total share capital of Huakong Saige [2]. Details of the Reduction Plan - Shenzhen Saige notified Huakong Saige of its reduction plan on September 10, 2025, intending to reduce its holdings within three months starting from October 11, 2025, to December 31, 2025 [3]. - The maximum number of shares to be reduced is 30,200,100, which represents no more than 3% of the total share capital [3]. - The shares to be reduced are originally non-circulating shares that were released from restrictions due to the company's stock reform in 2009 [3]. - The reason for the reduction is based on the actual operational needs of Shenzhen Saige [3]. - The reduction will be executed through centralized bidding or block trading, with specific limits on the number of shares that can be sold within a 90-day period [3]. - The reduction price will be determined based on market trading prices at the time of the sale [3]. - The plan has been approved by the board of directors of Shenzhen Saige but requires further approval from the shareholders' meeting [3]. Compliance with Commitments - The planned share reduction does not violate any previous commitments made by Shenzhen Saige and its affiliates during the stock reform process in 2008 [4].