SEC(SH:603988) Shang Hai Zheng Quan Bao·2025-09-23 08:46Core Viewpoint - The major shareholder of China Electric Motor Co., Ltd., Mr. Wang Jiankai, plans to reduce his shareholding due to personal financial needs, with a maximum reduction of 7,056,000 shares, accounting for 3.00% of the total share capital [2][4]. Shareholder Reduction Plan - As of the announcement date, Mr. Wang Jiankai holds 22,687,082 shares, representing 9.65% of the company's total share capital [2]. - The reduction will occur within three months starting from 15 trading days after the announcement, through centralized bidding and/or block trading [2]. - The maximum number of shares to be reduced through centralized bidding is 2,352,000 shares (1.00% of total shares), while through block trading it is 4,704,000 shares (2.00% of total shares) [2]. Compliance with Previous Commitments - Mr. Wang Jiankai has previously made commitments regarding shareholding, including a lock-up period of 36 months post-IPO and restrictions on share transfers during certain periods [4][5]. - The current reduction plan is consistent with previously disclosed commitments, and Mr. Wang has adhered to these commitments during the commitment period [6]. Regulatory Compliance - The reduction plan complies with relevant laws and regulations, including the interim measures for shareholders' reduction of shares and self-regulatory guidelines from the Shanghai Stock Exchange [9].