SUNSTONE(SH:603612) Shang Hai Zheng Quan Bao·2025-10-17 19:51Core Viewpoint - The announcement details a change in shareholder equity for Suotong Development Co., Ltd., indicating a reduction in shareholding by the controlling shareholder and associated parties, which has reached a 1% threshold [2][3]. Group 1: Shareholder Information - The controlling shareholder, Mr. Lang Guanghui, and his associated party, Xuan Yuan Private Fund Investment Management (Guangdong) Co., Ltd. - Xuan Yuan Ke Xin No. 182 Private Securities Investment Fund, have provided accurate and complete information regarding their shareholding changes [2]. - The shareholding percentage of Mr. Lang and his associated parties decreased from 27.89% to 26.29% after the reduction of 7,965,500 shares from September 5, 2025, to October 17, 2025 [2][4]. Group 2: Equity Change Details - The reduction in shareholding does not trigger a mandatory tender offer and aligns with previously disclosed plans and commitments by the shareholders [2][3]. - The change in equity will not result in a change of control for the company and will not significantly impact the company's governance structure or ongoing operations [2][3]. Group 3: Compliance and Disclosure - The equity change complies with relevant laws and regulations, including the Securities Law of the People's Republic of China and the Shanghai Stock Exchange listing rules [3]. - As of the announcement date, the share reduction plan has not been fully executed, and the company will continue to monitor the progress and disclose any changes as required [4].