JiHuaGroup(SH:603980) Zhong Guo Jing Ji Wang·2025-09-12 07:52Core Viewpoint - Jihua Group (603980.SH) announced a share reduction plan by its Vice Chairman Yang Quanming due to personal financial needs, intending to sell up to 2,008,732 shares, representing a maximum of 0.30% of the company's total share capital [1][2]. Group 1: Share Reduction Details - Yang Quanming currently holds 8,034,929 shares, which is 1.19% of the total share capital [1]. - The planned reduction will occur through centralized bidding within three months after a 15 trading day restriction period, starting from the announcement date [1][2]. - The reduction period is set from October 13, 2025, to January 12, 2026 [2]. Group 2: Company Background and Financials - Jihua Group was listed on the Shanghai Stock Exchange on June 15, 2017, with an initial issuance of 100 million shares at a price of 17.20 yuan per share [2]. - The total amount raised from the initial public offering (IPO) was 172 million yuan, with a net amount of 163.25 million yuan after deducting issuance costs [3]. - The funds raised are allocated for various dye production projects and working capital [3]. Group 3: Issuance Costs and Profit Distribution - The total issuance costs amounted to 87.52 million yuan, with underwriting and sponsorship fees of 77.96 million yuan [4]. - In 2018, the company distributed a cash dividend of 0.45 yuan per share and increased its capital by 0.4 shares for every share held, resulting in a total share capital increase to 700 million shares [4].