Shanxi Xinghuacun Fen Wine Factory (SH:600809) Shang Hai Zheng Quan Bao·2025-09-21 18:44Core Viewpoint - The announcement details a share reduction plan by a major shareholder of Shanxi Fenjiu, indicating a strategic move due to the expiration of a fund agreement, while maintaining confidence in the company's long-term value [2][3][4]. Group 1: Major Shareholder Information - Huachuang Xinrui (Hong Kong) Limited holds 128,114,296 shares, representing 10.50% of the total share capital, making it a significant shareholder [2]. - Huachuang Xinrui is primarily owned by China Resources Venture Limited, which holds 87.36% of its shares, while the China Resources United Fund I (Limited Partnership) holds 12.64% [2]. Group 2: Share Reduction Plan Details - The reduction plan involves Huachuang Xinrui intending to sell up to 16,200,599 shares through block trading within three months after the disclosure of the plan [3]. - The reduction is necessitated by the fund's requirement to exit upon its expiration, and after the reduction, the fund will be liquidated and will no longer hold shares in Huachuang Xinrui [4]. Group 3: Future Outlook and Governance - The reduction plan is not expected to alter China Resources' confidence in the company's future development or its recognition of the company's long-term value [4]. - Huachuang Xinrui will continue to hold shares in the company and has no plans for further reductions [4].