Xingye(SH:603928) Shang Hai Zheng Quan Bao·2025-10-10 18:45Core Viewpoint - The announcement details the completion of a share reduction plan by a major shareholder of Suzhou Xingye Materials Technology Co., Ltd., which does not affect the company's control structure or governance [1][4]. Group 1: Major Shareholder's Holdings - Before the reduction plan, the controlling shareholder, Wang Jincheng, held 7,193,940 shares, accounting for 2.74% of the total share capital. The controlling shareholder and their concerted actors held a total of 178,126,280 shares, representing 67.97% of the total [2][4]. Group 2: Share Reduction Plan Implementation - The share reduction plan was disclosed on August 6, 2025, with Wang Jincheng intending to reduce his holdings by up to 2,620,800 shares (1% of total share capital) from August 27 to November 26, 2025. As of the announcement date, he successfully reduced his holdings by the full amount [3][5]. Group 3: Changes in Shareholding Structure - Following the reduction, Wang Jincheng's holdings decreased to 4,573,140 shares, while the total shares held by the controlling shareholder and their concerted actors fell to 175,505,480 shares, reducing their ownership percentage to 66.97% [4][7].