Zhejiang Sunrise Garment (SH:605138) Shang Hai Zheng Quan Bao·2025-11-05 20:25Core Viewpoint - The announcement details a significant reduction in shareholding by a major shareholder, Itochu Excellence Fiber (Asia) Co., Ltd., which has decreased its stake in Sheng Tai Group from 20.00% to 18.00% through a series of transactions [4][5]. Group 1: Shareholder Information - The major shareholder, Itochu Excellence Fiber (Asia) Co., Ltd., does not have any concerted actions with other parties [3]. - Prior to the reduction, Itochu Asia held 116,680,000 shares, representing 21.00% of the total share capital [8]. Group 2: Shareholding Changes - Between October 28 and November 4, 2025, Itochu Asia sold 11,100,900 shares, accounting for 2.00% of the total share capital [4]. - Following the reduction, Itochu Asia's shareholding decreased from 111,114,100 shares to 100,013,200 shares [4]. Group 3: Reduction Plan and Results - The reduction plan was initially announced on September 2, 2025, with a maximum intended reduction of 1.00% through open market transactions and 2.00% through block trades [9]. - The actual reduction included 5,555,600 shares sold via open market transactions and 11,111,200 shares sold through block trades, fully executing the reduction plan [9][11].