SEC(SH:603988) Ge Long Hui A P P·2025-09-22 11:46Core Viewpoint - China Electric Motor (603988.SH) announced that Mr. Wang Jiankai plans to reduce his shareholding in the company due to personal financial needs, with a total reduction not exceeding 7.056 million shares, representing 3.00% of the company's total shares [1] Summary by Category - Share Reduction Plan - Mr. Wang Jiankai intends to reduce his holdings within three months starting from 15 trading days after the announcement [1] - The total number of shares to be reduced is capped at 7.056 million shares, which is 3.00% of the total shares [1] - Method of Reduction - The reduction will occur through centralized bidding and/or block trading [1] - The number of shares to be reduced via centralized bidding is limited to 2.352 million shares, or 1.00% of the total shares [1] - The number of shares to be reduced via block trading is limited to 4.704 million shares, or 2.00% of the total shares [1] - Pricing Mechanism - The price for the shares to be reduced will be determined based on market prices [1]