Zhong Guo Jing Ji Wang·2025-10-17 03:36Core Viewpoint - China Railway Transportation Co., Limited plans to reduce its stake in Jinchuan Group (603680.SH) by up to 23,511,562 shares, representing no more than 3% of the total shares, due to its operational needs [1][2]. Summary by Sections Shareholding and Reduction Plan - As of the announcement date, China Railway holds 152,706,271 shares in Jinchuan Group, accounting for 19.48% of the total share capital [1]. - The reduction will occur within three months starting 15 trading days after the announcement, utilizing both centralized bidding and block trading methods [1][2]. - The planned reduction includes up to 7,837,187 shares through centralized bidding (1% of total shares) and up to 15,674,375 shares through block trading (2% of total shares) [1][2]. Background Information - The shares to be reduced were acquired prior to the company's initial public offering (IPO) and have been tradable since February 27, 2019 [1][2]. - Jinchuan Group was listed on the Shanghai Stock Exchange on February 27, 2018, with an IPO price of 32.69 yuan per share [2][3]. - The company has previously announced dividend plans, including a 4-for-10 bonus share issue and a cash dividend of 3 yuan per share in July 2018, followed by a 3-for-10 bonus share issue and a cash dividend of 2 yuan per share in July 2019 [3].