Core Viewpoint - The announcement details the reduction of shareholding by major shareholders of Shanghai Yingfang Software Co., Ltd., indicating that they have decreased their holdings below 5%, thus no longer being classified as major shareholders [3][4][5]. Summary by Sections Shareholder Reduction - The shareholders, including Hangzhou Haowangjiao Qihang Investment Partnership, Hangzhou Haowangjiao Yuehang Investment Partnership, and Hangzhou Haowangjiao Weihang Investment Partnership, have collectively reduced their holdings to 4,174,900 shares, representing 4.9999% of the total share capital of the company [3][4][12]. Nature of the Change - This reduction is part of a previously disclosed share reduction plan and does not trigger a mandatory tender offer [3][5]. - The reduction does not affect the control structure of the company, as it is not the first major shareholder reducing their stake [4][5]. Transaction Details - The reduction was executed through centralized bidding, with a total of 277,600 shares sold between November 3 and November 7, 2025, accounting for 0.3325% of the total share capital [13]. - Prior to this reduction, the shareholders held 4,452,500 shares, which was 5.3323% of the total share capital [12][13]. Future Plans - The shareholders have indicated a plan to continue reducing their holdings, with a maximum of 2,505,000 shares to be sold within three months following the announcement of the reduction plan [11][12].
上海英方软件股份有限公司