Changzhou Kaidi Electrical (SH:605288) Shang Hai Zheng Quan Bao·2025-09-23 09:20Core Viewpoint - The major shareholder, Kaiheng Investment, plans to reduce its stake in Kaidi Electric Co., Ltd. by selling up to 380,275 shares, which represents 0.5381% of the total shares outstanding, within a three-month period after a 15 trading day waiting period [3][4]. Shareholder Information - As of the announcement date, Kaiheng Investment holds 5,110,000 shares of Kaidi Electric, accounting for 7.23% of the company's total share capital [2]. Reduction Plan Details - The reduction will occur through centralized bidding and is subject to a limit of 1% of the total share capital over any 90-day period during the reduction timeframe [3][6]. - The plan allows for adjustments based on corporate actions such as dividends or stock splits [3][6]. Other Relevant Information - The proceeds from the share reduction will be allocated to partners other than the direct shareholders Zhou Shucheng and Zhou Rongqing, who will not participate in the profit distribution from this reduction [4]. - The reduction does not involve the actual controllers or their concerted actions [4].