Shang Hai Zheng Quan Bao·2025-10-21 18:46Core Viewpoint - The controlling shareholder of New Hope Dairy, Universal Dairy Limited (UDL), did not execute its planned share reduction within the specified timeframe, maintaining its shareholding status in the company [2][4]. Shareholder Reduction Situation - UDL had announced a plan to reduce its holdings by up to 25,820,305 shares, representing 3% of the total share capital, from July 21, 2025, to October 20, 2025 [1]. - As of October 20, 2025, UDL did not reduce any shares, and its shareholding remained unchanged [2]. Compliance with Regulations - The reduction plan adhered to relevant laws and regulations, including the Securities Law of the People's Republic of China and the Shenzhen Stock Exchange's rules [3]. - UDL has complied with its commitments made during the initial public offering, indicating a preference to continue holding shares unless specific financial needs arise [4]. Additional Notes - UDL has not violated any commitments regarding share reduction and has not triggered any conditions that would require an extension of the lock-up period or necessitate an increase in shareholding [5].