Xin Lang Cai Jing·2025-09-29 10:22Summary of Key Points Core Viewpoint - China National Machinery Heavy Equipment Group Co., Ltd. (referred to as "the Company") announced a share reduction plan by its shareholders on September 30, 2025 [1] Shareholder Holding Situation - The Bank of China Deyang Branch holds 345,857,039 shares, accounting for 4.79% of the total share capital - The Bank of China Zhenjiang Runzhou Branch holds 83,056,558 shares, accounting for 1.15% of the total share capital - Together, these branches hold 428,913,597 shares, representing 5.95% of the total share capital, and all shares are from the pre-relisting period, which were fully released from restrictions on June 8, 2021 [2] Details of the Reduction Plan - The Deyang and Zhenjiang branches plan to reduce their holdings by a total of up to 72,135,500 shares, not exceeding 1% of the total share capital, within three months from October 30, 2025, to January 29, 2026 - The Deyang Branch plans to reduce up to 58,166,900 shares (0.81%), while the Zhenjiang Branch plans to reduce up to 13,968,600 shares - Any changes in share capital due to stock dividends or other corporate actions during the reduction period will adjust the number of shares to be reduced accordingly [3] Commitments and Risks Related to the Reduction - The Deyang and Zhenjiang branches previously committed not to transfer or manage their shares for 12 months post-relisting, and this reduction plan aligns with that commitment - The implementation of the reduction plan is uncertain and will depend on market conditions and the company's stock price - The reduction will not lead to a change in control of the listed company and will not significantly impact the company's governance structure or future operations - The reduction plan complies with relevant laws and regulations, and the shareholders will adhere to disclosure obligations during the reduction period [4]