Sun Cable(SZ:002300) Shang Hai Zheng Quan Bao·2025-09-22 20:32Core Viewpoint - The announcement details the completion of the share reduction plan by a major shareholder, Yili Group, for Fujian Nanping Sun Cable Co., Ltd, indicating a decrease in their shareholding percentage and compliance with relevant regulations [2][4]. Group 1: Share Reduction Plan - Yili Group planned to reduce its holdings by up to 21,670,011 shares, representing 3% of the total share capital, through centralized bidding and block trading from June 20, 2025, to September 19, 2025 [2]. - As of August 4, 2025, Yili Group had reduced its holdings by 5,641,195 shares, accounting for 0.78% of the total share capital, bringing their ownership down from 17.36% to 16.58% [3]. - By the end of the reduction plan on September 19, 2025, Yili Group had cumulatively reduced its holdings by 7,223,295 shares, which is 1% of the total share capital, resulting in a new ownership percentage of 16.36% [3][4]. Group 2: Compliance and Impact - The share reduction was conducted in strict accordance with the Securities Law of the People's Republic of China and other relevant regulations, ensuring no violations occurred [4]. - The reduction plan was consistent with previously disclosed intentions, and the number of shares reduced fell within the announced plan, indicating no breach of commitments [4]. - Yili Group is not the controlling shareholder of the company, and the reduction will not affect the company's governance structure or ongoing operations [4].