KTK GROUP(SH:603680) Shang Hai Zheng Quan Bao·2025-10-16 20:58Core Viewpoint - China Railway Transportation Co. Limited plans to reduce its shareholding in Jinchuang Group by up to 23,511,562 shares, representing 3% of the total shares, due to its operational needs [2][5]. Group 1: Major Shareholder Information - As of the announcement date, China Railway holds 152,706,271 shares in Jinchuang Group, accounting for 19.48% of the total share capital [1]. - The shares held by China Railway were acquired before the company's initial public offering (IPO) and have been tradable since February 27, 2019 [1]. Group 2: Reduction Plan Details - The reduction plan allows for a maximum of 23,511,562 shares to be sold within three months, starting 15 trading days after the announcement [2]. - The plan includes a maximum of 7,837,187 shares to be sold through centralized bidding and 15,674,375 shares through block trading [2]. - Any changes in share capital due to stock dividends or capital reserve transfers will adjust the number of shares available for reduction accordingly [2]. Group 3: Compliance and Commitments - China Railway has adhered to its previous commitments regarding shareholding and will notify the company five trading days in advance before any reduction [5]. - The shareholder has complied with the lock-up period commitments since the company's stock listing [6].