Core Viewpoint - Zhejiang Chunfeng Power Co., Ltd. announced a significant reduction in shareholding by its controlling shareholder Chunfeng Holdings Group Co., Ltd. and its concerted actors, which has triggered a change in equity that touches the 5% threshold [3][4][6]. Group 1: Shareholding Changes - Chunfeng Holdings and its concerted actors reduced their total shareholding from 41.81% to 40.85% after selling 1,463,000 shares between November 4 and November 7, 2025 [3]. - A subsequent reduction occurred from November 10 to November 18, 2025, where an additional 1,293,462 shares were sold, bringing the total shareholding down to 40.00% [4][23]. Group 2: Background Information - Before the reduction, Chunfeng Holdings held 45,000,808 shares (29.49%), while its concerted actor Chongqing Chunfeng held 12,661,734 shares (8.30%), and other actors held smaller percentages [8]. - The reduction was part of a previously disclosed plan to sell shares, which was announced on September 19, 2025 [6][9]. Group 3: Compliance and Impact - The shareholding changes comply with the previously disclosed reduction plan and will not lead to a change in the controlling shareholder or significant impact on the company's governance structure [6][9]. - The company confirmed that the reduction does not trigger mandatory tender offer requirements under relevant laws and regulations [6].
浙江春风动力股份有限公司 关于控股股东及其一致行动人权益变动触及5% 刻度的提示性公告