Befar(SH:601678) Zheng Quan Ri Bao·2025-11-10 22:27Core Viewpoint - The report details the equity change of Zhang Zhongzheng, a major shareholder of Binhua Group Co., Ltd., who has reduced his shareholding below 5% due to personal funding needs [5][18]. Group 1: Shareholder Information - Zhang Zhongzheng held 119,729,600 shares, representing 5.8211% of the total share capital before the reduction [20]. - After the reduction, he holds 102,841,800 shares, which is 4.999999% of the total share capital [8][21]. Group 2: Equity Change Plan - The reduction plan was announced on August 7, 2025, with a maximum of 16,887,800 shares to be sold between August 29 and November 28, 2025 [6][21]. - The actual reduction occurred from September 15 to November 10, 2025, with the total shares sold being 16,887,800, equating to 0.8211% of the total share capital [8][21]. Group 3: Compliance and Disclosure - The report confirms that the equity change has been fully disclosed in accordance with relevant laws and regulations [2][4]. - There are no other equity changes planned for the next 12 months, and any future changes will be disclosed as required [6][8].