PNC(SH:603690) Zhong Guo Jing Ji Wang·2025-09-30 08:39Core Points - The controlling shareholder of Zhichun Technology, Jiang Yuan, and his associate, Lu Longying, have completed their share reduction plan, which involved a total reduction of approximately 8,000,000 shares, affecting their combined ownership from 29.77% to 27.42% [1][2] - The total cash raised from the share reduction by Jiang Yuan and Lu Longying amounted to approximately 258 million yuan [2] - The share reduction does not trigger a mandatory tender offer and will not lead to changes in the company's controlling shareholder or actual controller [2] Summary by Sections Share Reduction Plan - Jiang Yuan planned to reduce his holdings by up to 6,000,000 shares (1.5640% of total shares) and Lu Longying by up to 3,000,000 shares (0.7820% of total shares) [1] - As of September 29, 2025, Jiang Yuan had reduced his holdings by a total of 6,000,000 shares, while Lu Longying reduced his holdings by 2,999,979 shares [2] Financial Impact - Jiang Yuan's total cash raised from the reduction was approximately 169.94 million yuan, while Lu Longying raised about 87.86 million yuan, totaling around 258 million yuan [2] - The average reduction price per share and the total number of shares reduced during the period were detailed, indicating significant cash inflow for both shareholders [4][5] Ownership Structure - The controlling shareholders are identified as Jiang Yuan, Lu Longying, and the partnership entity Qiongqing Shangchun Technology Industry Investment Partnership [3] - Jiang Yuan initially held 76,003,200 shares (36.54% of total shares) and has cumulatively reduced his holdings by 5,201,000 shares since November 2020, raising approximately 156 million yuan [3][4] - Lu Longying initially held 27,861,600 shares (13.40% of total shares) and has cumulatively reduced his holdings by 17,444,600 shares, raising approximately 846 million yuan [4][5]