Toly Bread(SH:603866) Zhong Guo Jing Ji Wang·2025-10-13 04:36Core Viewpoint - The announcement from Taoli Bread (603866.SH) reveals the internal transfer of shares by the actual controller and a reduction plan by a related party, indicating a strategic family asset planning move without market impact [1]. Shareholding Structure - Wu Zhigang, the controlling shareholder, holds 119,533,982 shares, accounting for 7.47% of the total share capital. Wu Xuedong, a related party, holds 189 shares, representing 0.00001% [2]. - Wu Zhigang plans to transfer up to 31,994,383 shares (2% of total shares) to his spouse, Sheng Yali, through a block trade, which is an internal transfer and does not involve market reduction [1][2]. - Wu Xuedong intends to reduce his holdings by up to 189 shares, which will leave him with no shares in the company post-reduction [2]. Historical Share Reduction - Wu Xuedong has been reducing his holdings since June 12, 2019, with a total reduction of 61,111,000 shares, resulting in cashing out approximately 1.52 billion yuan [3][5]. - The latest reductions include: - From November 16 to November 17, 2022, he reduced 19,995,900 shares for 250 million yuan, bringing his holding to 1.44% [5]. - From November 18 to December 6, 2022, he reduced 1,800,000 shares for 25.97 million yuan, reducing his holding to 1.31% [5]. - From June 19 to June 29, 2023, he reduced 16,736,430 shares for 161 million yuan, bringing his holding down to 0.22% [5].