CYG(SH:600525) Xin Lang Cai Jing·2025-10-09 12:32Core Viewpoint - Gree Jin Investment, the largest shareholder of ST Changyuan, plans to reduce its stake by up to 39.56 million shares, representing 3% of the total share capital, due to prudent risk management considerations [1] Shareholding Structure - Gree Jin Investment and its concerted parties currently hold 189.7 million shares, accounting for 14.38% of the total share capital [1] - After the planned reduction, Gree Jin Investment may no longer be the largest shareholder if other shareholders' rights change [1] Reduction Plan - The reduction is set to occur within 90 days from the announcement date, specifically from October 10, 2025, to January 7, 2026, excluding any legal restrictions [1] - The shares will be sold through centralized bidding [1] Uncertainty Factors - The company does not have a controlling shareholder or actual controller, which adds uncertainty to the implementation of the reduction plan [1]