JZNEE(SH:603507) Zhong Guo Jing Ji Wang·2025-09-30 11:21Core Viewpoint - The announcement from Zhenjiang Co., Ltd. regarding the share reduction plan by shareholder Hu Zhen indicates a strategic move driven by personal funding needs, potentially impacting the company's stock performance and investor sentiment [1][2]. Share Reduction Plan - Hu Zhen plans to reduce his holdings by up to 5,529,039 shares, representing a maximum of 3% of the total share capital, within three months following the announcement [1]. - The reduction will occur through both centralized bidding and block trading, with specific limits on the number of shares that can be sold in any 90-day period [1]. - The selling price will be determined by the market price at the time of the reduction, and adjustments will be made if there are changes in share capital due to stock dividends or capital increases [1]. Current Shareholding Structure - As of the announcement date, Hu Zhen holds 41,206,155 shares, accounting for 22.36% of the total share capital [2]. - Other significant shareholders include Bu Chunhua with 1,300,000 shares (0.71%) and Jiangyin Zhenjiang Langwei Investment Co., Ltd. with 9,054,107 shares (4.91%) [2]. Financial Implications - Based on the closing price of 28.50 CNY per share on September 29, the estimated amount from Hu Zhen's planned reduction is approximately 158 million CNY [2]. - Hu Zhen has previously reduced his holdings, with a total of 559,260 shares sold since September 30, 2021, resulting in cash proceeds of about 17.78 million CNY [3][4].