兴业科技大股东春宏投资拟减持不超3%股份 涉及首次公开发行前股份

Core Viewpoint - The major shareholder of Xingye Leather Technology Co., Ltd. plans to reduce its stake by up to 3% of the total share capital within three months, which may exert short-term pressure on the stock price [1][4]. Group 1: Reduction Plan Details - The shareholder, Fujian Chunhong Equity Investment Partnership, currently holds 31,464,000 shares, representing 10.65% of the total share capital [2]. - The reduction will be executed through a combination of centralized bidding and block trading, with a maximum of 8,866,500 shares to be sold, equating to 3% of the total share capital [2]. - The reduction period is set to begin approximately from early December 2025 to the end of February 2026, with the selling price determined by market conditions [2]. Group 2: Shareholder Background - Chunhong Investment is an action-in-concert party with the controlling shareholder and holds shares acquired prior to the company's initial public offering in May 2012 [3]. - The shareholder had previously committed not to transfer these shares for 36 months post-IPO, a commitment that has now been fulfilled [3]. - The reduction will not affect the commitments of the company's directors and supervisors regarding share transfers [3]. Group 3: Market Impact - The primary reason for the reduction is stated as "funding needs," which is considered a normal investment exit behavior [4]. - Despite the reduction not changing control, the market may perceive the sale as a cash-out, potentially leading to short-term stock price pressure [4]. - The timing, quantity, and price of the reduction remain uncertain and will depend on market conditions [4]. Group 4: Compliance and Regulatory Aspects - The reduction plan complies with relevant laws and regulations, and there are no prohibitive circumstances for the shareholder to reduce their stake [5]. - The company's board has verified the accuracy and completeness of the information disclosed [5]. - The company will fulfill its disclosure obligations regarding the implementation of the reduction plan as required by regulators [5].