XUELONG(SH:603949) Zheng Quan Ri Bao·2025-12-31 06:42Core Viewpoint - The announcement details the shareholding reduction plan executed by Ningbo Lianzhang Enterprise Management Partnership, which has reduced its stake in Xuelong Group from 5,756,560 shares (2.73%) to 3,843,762 shares (1.82%) without triggering a mandatory tender offer [4][8]. Shareholder Holding Situation - Before the reduction plan, Ningbo Lianzhang held 7,867,860 shares, accounting for 3.73% of the total shares, all acquired prior to the IPO and through capital reserve conversion [2][5]. Implementation Results of the Reduction Plan - The reduction plan, disclosed on September 23, 2025, allowed Ningbo Lianzhang to sell up to 4,110,645 shares (1.95% of total shares) within three months after the announcement, with specific limits on trading methods [3][7]. - As of December 30, 2025, Ningbo Lianzhang had successfully reduced its holdings by 4,024,098 shares (1.91% of total shares), completing the reduction plan [3][7]. Changes in Equity - The equity change was a result of Ningbo Lianzhang fulfilling its previously disclosed reduction plan, which did not affect the controlling shareholder or actual controller of the company, nor did it significantly impact the company's governance structure or ongoing operations [4][8].