五洲特纸：控股股东及其一致行动人权益比例降至82.00%

Group 1 - The core point of the article is that the controlling shareholder and actual controller of Wuzhou Special Paper have reduced their equity stake, but this does not trigger a mandatory tender offer or change in control [1] - On November 3-17, 2025, a concerted action party, Lin Wanming, reduced his holdings by 616,200 shares through centralized bidding [1] - Following this reduction, the total shareholding ratio of the concerted action party decreased from 82.13% to 82.00% [1] Group 2 - The reduction in shareholding is part of a planned divestment and does not require the disclosure of an equity change report [1] - The company will urge the concerted action party to comply with regulations regarding the reduction and to disclose information in a timely manner [1]