Core Viewpoint - The major shareholder of Shanghai Jiao Cheng Ultrasonic Technology Co., Ltd. plans to reduce its shareholding due to personal funding needs, which may impact the company's stock performance in the short term [2][3]. Group 1: Major Shareholder Information - As of the announcement date, the major shareholder, Shanghai Jianlin Enterprise Management Partnership (Limited Partnership), holds 7,587,584 shares, accounting for 6.56% of the total share capital [2]. - Out of these shares, 6,467,542 shares became tradable on September 27, 2023, while 1,120,042 shares will be tradable starting September 29, 2025 [2]. Group 2: Share Reduction Plan - The shareholder plans to reduce a total of up to 1,896,896 shares, which is no more than 1.64% of the company's total share capital, within three months after the announcement date [3]. - The reduction will be executed through centralized bidding and/or block trading, with the selling price determined by market conditions [3]. - Any corporate actions such as stock dividends or capital increases during the reduction period will lead to adjustments in the number of shares to be reduced [3]. Group 3: Shareholder Commitments - The major shareholder has committed to not transferring or managing shares held prior to the company's initial public offering for 12 months post-listing [5]. - If the shareholder intends to reduce shares after the lock-up period, they will announce the plan three trading days in advance and ensure compliance with relevant regulations [5][6]. - The shareholder's reduction price will not be lower than the initial offering price, adjusted for any corporate actions affecting share value [6]. Group 4: Management Commitments - Company directors and senior management have also committed to not transferring their shares for 12 months post-listing and have set limits on the amount they can sell annually [7][8]. - If the stock price falls below the offering price for 20 consecutive trading days, the lock-up period will automatically extend by six months [8]. Group 5: Compliance and Regulations - The shareholder's reduction plan complies with relevant laws and regulations, ensuring that it does not lead to a change in control of the company [9]. - The company will disclose any updates regarding the reduction plan as required by law [9].
上海骄成超声波技术股份有限公司持股5%以上股东减持股份计划公告