SF Holding(SZ:002352) Xin Lang Zheng Quan·2025-09-26 08:36Core Viewpoint - SF Holding (002352.SZ) is undergoing internal equity adjustments as shareholder Liu Jilu plans to transfer up to 7 million A-shares to his son-in-law Zhao Yingkun between November 1 and December 31, 2025, representing no more than 0.14% of the company's total share capital [1] Group 1: Shareholder Changes - Liu Jilu's planned transfer is part of an internal equity adjustment and does not involve external reduction [1] - As of September 26, SF Holding's stock price was 40.07 CNY per share, making the transfer's market value approximately 280 million CNY [4] - Liu Jilu has sold a total of 64.4 million shares since June 2018, with a reference market value of 3.567 billion CNY, across 72 transactions [4] Group 2: Background of Liu Jilu - Liu Jilu, born in 1947, has a background in economic management and has been involved in the metal products and rare earth materials industry [4] - He has been a part of SF Holding's shareholder structure since its inception in 2003 and has served on the supervisory board for nearly ten years [4] Group 3: Zhao Yingkun's Background - Zhao Yingkun, who will receive the shares, has historical ties to the company, having served as a director in 2015 [5] - He holds a law doctorate from Peking University and has experience in both government and academia [5] Group 4: Overall Implications - Liu Jilu's series of share reductions and internal transfers, while small in scale, indicate a clear trajectory within the complex shareholder structure of SF Holding [6]