XLKG(SZ:000955) Shang Hai Zheng Quan Bao·2025-11-07 19:48Core Viewpoint - Hainan Zhuhua Science and Trade Co., Ltd. plans to reduce its shareholding in Xunlong Holdings (Group) Co., Ltd. by up to 16,150,000 shares, representing no more than 3% of the total share capital, due to business development needs [2][3][4] Group 1: Shareholder Information - Hainan Zhuhua holds 45,508,591 shares in Xunlong Holdings, accounting for 8.45% of the total share capital [2][3] - The shares to be reduced come from judicial transfer and a private placement subscription in 2012 [3] Group 2: Reduction Plan Details - The reduction will occur within three months starting from December 1, 2025, to February 28, 2026, through centralized bidding and block trading [2][4] - The maximum number of shares to be sold via centralized bidding is limited to 5,383,000 shares (1% of total share capital), while block trading can account for up to 10,767,000 shares (2% of total share capital) [3][4] Group 3: Compliance and Impact - The reduction plan complies with relevant laws and regulations, and it will not lead to a change in control of the company [4][6] - The implementation of the reduction plan is subject to market conditions and other factors, introducing uncertainty regarding the timing, quantity, and price of the shares sold [5][6]