Silvery Dragon Prestressed Materials (SH:603969) Shang Hai Zheng Quan Bao·2025-11-28 19:57Core Viewpoint - The announcement details the share reduction by the controlling shareholder and its concerted action parties, indicating a completed share reduction plan that does not affect the company's control structure or governance significantly [3][10]. Group 1: Shareholding Structure - Before the reduction, the controlling shareholder, Mr. Xie Zhifeng, held 184,550,986 shares, accounting for 21.53% of the total share capital, while the concerted action party, Tongyi Furong No. 16 Private Securities Investment Fund, held 16,820,000 shares, representing 1.96% of the total share capital [3]. Group 2: Reduction Plan Implementation - The reduction plan was announced on October 17, 2025, with a maximum of 16,820,000 shares to be reduced through block trades and an additional 8,410,000 shares through centralized bidding, with the prices determined by market conditions at the time of reduction [4]. - The total shares reduced from November 11 to November 28, 2025, amounted to 16,820,000 shares, which is 1.96% of the total share capital, completing the reduction plan [4][10]. Group 3: Rights Change Notification - The shareholding ratio of Tongyi Furong No. 16 decreased from 25.76% to 25.00% after a reduction of 6,553,800 shares, triggering a notification of rights change that touched the 5% threshold [5]. - Following further reductions from November 26 to November 28, the shareholding ratio decreased from 25.00% to 23.80%, with a total reduction of 10,266,200 shares, touching the 1% threshold [6][9]. Group 4: Compliance and Impact - The share reduction was conducted in compliance with relevant laws and regulations, and it does not lead to any changes in the controlling shareholder or significant impacts on the company's governance structure [10].