MEP(SZ:000993) Xin Lang Cai Jing·2025-10-29 10:56Core Viewpoint - Fujian Mindong Electric Power Co., Ltd. announced that its major shareholder, Fujian Investment Development Group Co., Ltd., plans to reduce its stake by up to 4.5795 million shares, representing 1% of the total share capital, due to its own operational needs [1][4]. Shareholder Holdings and Historical Reduction Overview - As of the announcement, Fujian Investment Development Group holds 267 million shares, accounting for 5.83% of the total share capital. Prior to this reduction plan, the group had already reduced its holdings by 3.41 million shares between July 7 and August 11, 2025, at prices ranging from 10.70 to 11.91 yuan per share [2]. Key Details of the Reduction Plan - The reduction plan includes a maximum of 4.5795 million shares, with the reduction period set from November 20, 2025, to February 13, 2026. The method of reduction will be through centralized bidding, and the price will be determined by market conditions. The plan is subject to adjustments in case of any changes in share capital [3]. Commitment Fulfillment and Market Impact Analysis - The group previously committed to not transferring shares acquired through a private placement for 36 months, which has been fulfilled. The current reduction does not violate any prior commitments. If the reduction is fully executed, the group's stake will decrease to approximately 4.83%, remaining below 5%. The company will monitor the impact of the reduction on short-term stock prices and will fulfill its disclosure obligations [4][5].