长白山旅游股份有限公司股东减持股份计划公告

Core Viewpoint - The announcement details a share reduction plan by a major shareholder, Jilin Forest Industry Group, due to funding needs, and outlines the specifics of a recent stock issuance by Changbai Mountain Tourism Co., Ltd. Group 1: Shareholder Reduction Plan - Jilin Forest Industry Group intends to reduce its holdings by up to 2,723,558 shares, representing no more than 1% of the total share capital, within three months following the announcement [2][3] - As of the announcement date, Jilin Forest holds 4.85% of the total shares, while its action-in-concert party, Changbai Mountain Forest Group, holds 2.55%, totaling 7.40% [1] Group 2: Stock Issuance Details - The company issued 5,685,860 shares at a price of 41.48 yuan per share, raising a total of approximately 235.85 million yuan [9][10] - The net proceeds from the issuance, after deducting related expenses, amount to approximately 229.22 million yuan [13] - The newly issued shares are subject to a lock-up period and will be tradable on the Shanghai Stock Exchange after the expiration of this period [15][21] Group 3: Regulatory Compliance and Approval - The issuance process has been approved by the board of directors and the shareholders' meeting, and has received necessary regulatory approvals from the Shanghai Stock Exchange and the China Securities Regulatory Commission [20][19] - The issuance adheres to relevant laws and regulations, ensuring fairness and compliance throughout the process [20][19] Group 4: Impact on Company Structure - The issuance will not change the control of the company, with the controlling shareholder remaining the Construction Group and the actual controller being the Long White Mountain Management Committee State-owned Assets Supervision and Administration Commission [31][33] - The capital structure will improve, with total assets and net assets increasing, while the debt-to-asset ratio is expected to decrease [34]