Zhong Guo Jing Ji Wang·2025-11-07 06:54Core Viewpoint - Weiao Co., Ltd. (605001.SH) announced a share reduction plan by its major shareholder, Ruize Investment, intending to reduce up to 11,786,580 shares through centralized bidding and block trading methods [1][2]. Group 1: Share Reduction Plan - Ruize Investment plans to reduce its holdings by up to 11,786,580 shares, which represents approximately 8.40% of the company's total share capital [1]. - The reduction will occur in two phases: up to 3,928,860 shares through centralized bidding within three months starting from November 28, 2025, and up to 7,857,720 shares through block trading within three months starting from November 12, 2025 [1]. - The reduction will be limited to a maximum of 1% and 2% of the total shares in any consecutive 90-day period for centralized bidding and block trading, respectively [1]. Group 2: Company Background - Weiao Co., Ltd. was listed on the Shanghai Stock Exchange on May 22, 2020, with an initial issuance of 75.56 million shares at a price of 16.14 yuan per share [2]. - The total amount raised during the IPO was approximately 1.22 billion yuan, with a net amount of about 1.13 billion yuan after deducting issuance costs [2]. - The company allocated the raised funds for various projects, including the construction of rail transit vehicle supporting equipment and a research and development center [2]. Group 3: Financial Distribution - In 2021, Weiao Co., Ltd. announced a profit distribution plan based on a total share capital of 302,220,000 shares, distributing a cash dividend of 0.20 yuan per share and a capital reserve transfer of 0.30 shares per share [3]. - The total cash dividend distributed amounted to approximately 60.44 million yuan, and the capital reserve transfer resulted in an increase of 90.67 million shares, bringing the total share capital to 392,886,000 shares [3].