JINSHENG(SZ:300849) Xin Lang Zheng Quan·2025-10-15 11:21Core Viewpoint - Ningbo Liyi Investment Center plans to reduce its stake in Zhejiang Jinsong New Materials Co., Ltd. due to its own funding needs, with a maximum reduction of 3,000,000 shares, representing 2.00% of the total share capital [1][2]. Shareholding and Reduction Plan Details - As of October 15, 2025, Ningbo Liyi holds 25,125,000 shares, accounting for 16.75% of the total share capital [2]. - The reduction will occur within three months after the announcement, through centralized bidding or block trading [1][2]. - If there are changes in share capital due to stock dividends or capital reserve transfers, the number of shares to be reduced will be adjusted accordingly [2]. - The maximum reduction through centralized bidding is limited to 1% of the total share capital within any consecutive 90 days, while block trading is limited to 2% [2]. Reduction Intent and Commitment Review - Ningbo Liyi made several commitments regarding shareholding and reduction intentions in its initial public offering prospectus [3]. - After the lock-up period, any reduction must comply with legal regulations, with a minimum price not lower than the IPO price within two years, and not lower than the latest net asset value per share thereafter [3]. - A three-day prior announcement is required before any reduction, which must be completed within six months [3]. - If commitments are not fulfilled, Ningbo Liyi will publicly explain the reasons, apologize, and accept regulatory penalties, with any illegal gains returned to the company [3].