HUNAN SILVER(SZ:002716) Shang Hai Zheng Quan Bao·2025-10-17 19:10Core Viewpoint - The major shareholder of Hunan Silver Co., Ltd., Chenzhou State-owned Assets Holding Group Co., Ltd. (Chenzhou Guokong), plans to reduce its shareholding by up to 56,460,000 shares, representing 2.00% of the total share capital, within a specified period due to operational needs [1][2][3]. Shareholder Reduction Plan - Chenzhou Guokong holds 210,000,000 shares, accounting for 7.44% of the company's total share capital [1][2]. - The reduction will occur through centralized bidding and block trading methods [3]. - The planned reduction period is from November 10, 2025, to February 9, 2026, starting 15 trading days after the announcement [4]. Reasons and Conditions for Reduction - The reason for the reduction is stated as operational and developmental needs [2]. - The shares to be reduced were acquired through a capital reserve increase during the company's restructuring process in November 2020 [2]. Compliance and Commitments - Chenzhou Guokong has committed not to transfer or delegate the management of the shares acquired through the capital reserve increase for 36 months from the date of registration [5]. - The company has also committed to not reducing its shareholding for six months following the expiration of a joint action agreement [5]. - As of the announcement date, Chenzhou Guokong has complied with these commitments without any violations [6]. Market Impact and Governance - The reduction plan will not lead to a change in control of the company, as Chenzhou Guokong is not the controlling shareholder [7]. - The company will continue to monitor the situation and fulfill its disclosure obligations regarding the share reduction [7].