JOVE(SZ:300814) Zhong Guo Jing Ji Wang·2025-12-09 07:19Core Viewpoint - The company Zhongfu Circuit (300814) announced a share reduction plan by its controlling shareholders, which will not lead to a change in control of the company [1][2]. Group 1: Share Reduction Plan - The controlling shareholder Zhongfu Electronics and its action-in-concert parties plan to reduce their holdings by up to 5,742,902 shares, representing no more than 3% of the total shares [1]. - The reduction will occur through two methods: a maximum of 1,914,300 shares (1% of total shares) via centralized bidding and up to 3,828,602 shares (2% of total shares) through block trading [1]. - The estimated cash proceeds from the share reduction, based on the last closing price of 87.27 yuan, amount to approximately 501.18 million yuan [1]. Group 2: Shareholding Structure - As of the announcement date, Zhongfu Electronics holds 54,500,000 shares (28.47% of total shares), Shenzhen Ruishan Technology holds 29,539,200 shares (15.43%), and Shenzhen Hongfeng Industrial Development holds 18,493,800 shares (9.66%) [2]. - These shares were held prior to the company's initial public offering (IPO) [2]. - The combined shareholding of the controlling shareholders is 65.30%, with the actual controllers being Wang Changmin, Wang Lu, and Wang Xianfeng [2]. Group 3: IPO and Fundraising - Zhongfu Circuit's IPO raised a total of 369 million yuan, with a net amount of 330 million yuan after deducting issuance costs [3][4]. - The company initially planned to raise 759 million yuan, but the final net amount was 429 million yuan less than expected [3]. - In 2023, the company issued convertible bonds to raise 520 million yuan, with a net amount of approximately 515.32 million yuan after deducting fees [4][5].