GONGNIU(SH:603195) Zhong Guo Jing Ji Wang·2025-10-10 07:12Core Viewpoint - Bull Group (公牛集团) announced a plan for a major shareholder to reduce holdings, which may impact the stock price and investor sentiment in the short term [1][2]. Group 1: Shareholder Reduction Plan - The actual controller of Bull Group, Ruan Xueping, plans to reduce holdings by up to 36,171,753 shares, representing no more than 2% of the total share capital [1]. - The reduction will occur within three months after a 15-trading-day period following the announcement, excluding periods when reductions are not allowed [1]. - As of the announcement date, Ruan Xueping holds 255,580,569 shares, accounting for 14.13% of the total share capital [1]. Group 2: Shareholding Structure - Ruan Xueping and related parties collectively hold 1,532,941,975 shares, which is 84.76% of Bull Group's total share capital [1]. - The shares held by Ruan Xueping and related parties were acquired prior to the company's initial public offering (IPO) and through capital reserve increases and non-trading transfers [1]. Group 3: Financial Overview - On the last trading day before the announcement, Bull Group's stock closed at 45.85 yuan, estimating Ruan Xueping's reduction amount to be approximately 1.658 billion yuan [2]. - Bull Group was listed on the Shanghai Stock Exchange on February 6, 2020, with an IPO of 60 million shares at a price of 59.45 yuan per share [2]. - The total funds raised from the IPO amounted to 3.567 billion yuan, with a net amount of 3.503 billion yuan after deducting issuance costs [2].