RED SUN(SZ:000525) Xin Lang Cai Jing·2025-11-24 11:46Core Viewpoint - Nanjing Hongtaiyang Co., Ltd. announced a change in shareholding structure due to a reduction in holdings by its major shareholder, Nanjing First Pesticide Group Co., Ltd., resulting in a decrease in their shareholding percentage from 13.09% to 12.99% [1][4] Summary of Relevant Sections Shareholding Change Details - The change in shareholding is attributed to two main factors: voluntary reduction by Nanjing First Pesticide Group and passive dilution due to an increase in total share capital [2] Voluntary Reduction - On October 10, 2025, Nanjing First Pesticide Group reduced its holdings by 620,000 shares through centralized bidding, decreasing its total shares from 169,954,374 to 169,334,374, and its shareholding percentage from 13.09% to 13.04% [3] Passive Dilution - On November 19, 2025, the company's total share capital increased by 5,131,200 shares due to the implementation of a restricted stock incentive plan, raising the total from 1,298,027,341 shares to 1,303,158,541 shares. Consequently, the shareholding percentage of Nanjing First Pesticide Group further diluted to 12.99% [4] Shareholding Change Summary - Before the change, Nanjing First Pesticide Group held 169,944,731 shares (13.09%), and after the change, it held 169,324,731 shares (12.99%). The total shares held by Nanjing First Pesticide Group and its concerted action person decreased from 169,954,374 to 169,334,374 [5] Impact and Compliance - The announcement emphasized that this change in shareholding will not affect the control of the company or its governance structure. The reduction complies with relevant regulations, and no prior disclosure of the reduction plan was necessary as the shares were sourced from a non-public offering [4][5]