Core Viewpoint - Xi'an Zhongrong Electric recently announced a share reduction plan by its actual controller's concerted action parties, Yongchun Zhongyu and Yongchun Zhongying, which are employee stock ownership platforms established before the company's initial public offering [1] Summary by Sections Share Reduction Plan Details - Yongchun Zhongyu and Yongchun Zhongying plan to reduce a total of no more than 979,600 shares, accounting for 0.9990% of the company's total share capital, within three months starting from 15 trading days after the announcement [2] - Yongchun Zhongyu intends to reduce no more than 548,600 shares (0.5594% of total shares), while Yongchun Zhongying plans to reduce no more than 431,000 shares (0.4395% of total shares) [2] - The reduction is based on the employees' funding needs, with shares sourced from those issued before the initial public offering [2] - The reduction price will be determined by the market price at the time of reduction, not lower than the initial public offering price, which may be adjusted based on dividend distributions and other factors [2] - The reduction period is set from November 3, 2025, to February 2, 2025, excluding any legally mandated blackout periods [2] Reduction Commitment Situation - Yongchun Zhongyu and Yongchun Zhongying previously committed not to transfer or manage their shares for 36 months post-IPO, and any planned reductions after the lock-up period will be announced three trading days in advance [3] - The actual controller, Fang Guangwen, and other executives have also made commitments regarding share lock-up and reduction pricing, ensuring no conflict with the current reduction plan [3]
西安中熔电气两员工持股平台拟减持不超97.96万股