Zhong Guo Ji Jin Bao·2025-09-26 16:21Core Viewpoint - The major shareholder of Zhongji Xuchuang plans to reduce its stake in the company due to personal funding needs, which may impact investor sentiment given the stock's significant price increase this year [3][4]. Shareholder Reduction Plan - Zhongji Xuchuang's controlling shareholder, Zhongji Investment Holdings, announced a plan to reduce its holdings by up to 5.5 million shares, representing 0.49% of the total share capital, over the next three months [3][4]. - The estimated value of this reduction is approximately 2.2 billion yuan [3]. - As of the announcement date, Zhongji Holdings owned 126,940,135 shares, accounting for 11.42% of the total share capital [4][6]. Trading Details - The reduction will be executed through block trading on the stock exchange, starting 15 trading days after the announcement [4][6]. - The shareholder has committed not to reduce any shares for 12 months following the completion of this reduction plan [4][6]. - The actual implementation of the reduction plan is subject to market conditions and the company's stock price, introducing uncertainty regarding the timing and quantity of shares to be sold [4][6]. Stock Performance Context - Zhongji Xuchuang's stock has surged over 200% this year, reaching a historical high of 448 yuan on September 4, with a closing price of 413.7 yuan on September 26, resulting in a market capitalization close to 460 billion yuan [4][6]. - Recent shareholder activities indicate a trend of cashing out, with significant reductions by other shareholders, including the son of the actual controller, who sold 555,000 shares for approximately 207 million yuan [8].