CFMOTO(SH:603129) Zhong Guo Jing Ji Wang·2025-09-19 06:12Core Viewpoint - The controlling shareholder of Chuanfeng Power (603129.SH) plans to reduce its stake in the company through block trading, with a total reduction of up to 3,010,000 shares, amounting to approximately 836.99 million yuan based on the previous closing price [1][2]. Shareholder Reduction Plans - Chuanfeng Holdings intends to reduce its holdings by no more than 2,200,000 shares, accounting for 1.4419% of the total share capital [1]. - Chongqing Chuanfeng plans to reduce its holdings by no more than 600,000 shares, representing 0.3932% of the total share capital [1]. - Lin Axi plans to reduce by no more than 150,000 shares, or 0.0983% of the total share capital [1]. - Lai Xuehua plans to reduce by no more than 60,000 shares, which is 0.0393% of the total share capital [1]. Historical Shareholding and Reductions - As of the announcement date, Chuanfeng Holdings held 45,000,808 shares, representing 29.4937% of the total share capital [2]. - Chongqing Chuanfeng held 12,661,734 shares, accounting for 8.2986% of the total share capital [2]. - Lin Axi held 3,168,826 shares, which is 2.0769% of the total share capital [2]. - Lai Xuehua held 894,561 shares, representing 0.5863% of the total share capital [2]. Previous Reductions - Chuanfeng Holdings has cumulatively reduced its holdings by 2,061,500 shares since April 16, 2021, realizing approximately 300 million yuan [2]. - Chongqing Chuanfeng has reduced its holdings by 470,400 shares since September 8, 2022, with total cashing out of about 70.65 million yuan [3]. - Lin Axi has reduced its holdings by 871,800 shares since March 23, 2021, with total cashing out of approximately 139 million yuan [4]. Future Fundraising Plans - The company plans to issue convertible bonds to raise up to 250 million yuan, with proceeds allocated to various projects including the production of motorcycles and electric vehicles [6].