Xingye(SH:603928) Zhong Guo Jing Ji Wang·2025-12-18 07:08Core Viewpoint - The announcement reveals that shareholder Cao Lianying plans to reduce his stake in Xingye Co., Ltd. by up to 2,620,800 shares, representing 1% of the company's total share capital, within three months following the disclosure of the plan [1] Group 1: Shareholder Reduction Plan - Cao Lianying intends to sell shares through centralized bidding and/or block trading, with the selling price determined by market conditions at the time of the sale [1] - The total cash-out from the planned reduction is approximately 41,094,144 yuan, based on the previous trading day's closing price of 15.68 yuan per share [2] - As of the announcement date, Cao Lianying directly holds 6,568,770 shares and indirectly holds 2,337,595 shares through Suzhou Baowo Venture Capital Co., Ltd., totaling 8,906,365 shares, which is 3.40% of the company's total share capital [2] Group 2: Shareholder Relationships and Impact - Cao Lianying is one of the controlling shareholders and actual controllers of the company, with established relationships with other key stakeholders, including Wang Jinxing and Wang Quanhong, due to familial ties [2] - The reduction plan is not expected to significantly impact the company's governance structure or ongoing operations, and it will not lead to a change in the company's control [2] Group 3: Previous Shareholder Reductions - On July 1, 2025, shareholder Shen Genzhen completed a reduction of 2,620,000 shares, also representing 1% of the total share capital, with a total amount of 36,532,486.10 yuan [3] - On October 11, 2025, shareholder Wang Jincheng reduced his stake by 2,620,800 shares, with a total amount of 41,540,657 yuan, at a price range of 15.65 to 16.19 yuan per share [3] Group 4: Fundraising Activities - On July 4, 2023, the company announced a plan to issue convertible bonds to unspecified investors, aiming to raise up to 750 million yuan for investment in a new materials project [3] - On April 26, 2024, the company extended the validity period of the shareholder meeting resolution regarding the issuance of convertible bonds until July 18, 2025 [3]