CFMOTO(SH:603129) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-19 00:24Core Viewpoint - The major shareholders of Zhejiang Chunfeng Power Co., Ltd. plan to reduce their holdings in the company due to personal funding needs, with specific details on the number of shares and the timeline for the reduction [2][3]. Shareholding Structure - As of the announcement date, Chunfeng Holding Group Co., Ltd. holds 45,000,808 shares, accounting for 29.4937% of the total share capital. - Its concerted action partner, Chongqing Chunfeng Investment Co., Ltd., holds 12,661,734 shares (8.2986%). - Other concerted action partners include Lin Axi with 3,168,826 shares (2.0769%) and Lai Xuehua with 894,561 shares (0.5863%) [2]. Reduction Plan Details - Chunfeng Holding, Chongqing Chunfeng, Lin Axi, and Lai Xuehua plan to reduce their holdings by up to 2,200,000 shares, 600,000 shares, 150,000 shares, and 60,000 shares respectively, within three months starting 15 trading days after the announcement. - The reduction represents a maximum of 1.4419%, 0.3932%, 0.0983%, and 0.0393% of the total share capital respectively, with an overall cap of 2% within any continuous 90-day period [3][4]. Commitments from Major Shareholders - Chunfeng Holding has committed not to transfer or manage its shares for 36 months post-listing and will not sell below the issue price during the lock-up period. - Similar commitments are made by Chongqing Chunfeng, Lin Axi, and Lai Xuehua regarding their shares [4][5]. Compliance with Regulations - The planned share reduction complies with relevant laws and regulations, including the Securities Law of the People's Republic of China and the Shanghai Stock Exchange's guidelines for shareholder reductions [7].