Core Viewpoint - Yidong Electronics Technology Co., Ltd. disclosed the completion of a share reduction plan by its controlling shareholder and concerted actors, with a total of 6.9074 million shares reduced, accounting for 2.94% of the total share capital, which is close to the original planned reduction limit [1][2]. Share Reduction Plan Execution - The reduction plan was pre-disclosed on September 16, 2025, with a maximum reduction of 691.68 million shares planned over three months, starting 15 trading days after the announcement. The actual reduction was 690.74 million shares, aligning closely with the original plan [2][3]. Shareholder Reduction Details - The reduction was executed through centralized bidding and block trading, with the following details: - Centralized bidding from December 9 to December 17, 2025, with an average price of 46.93-47.18 CNY per share for 2,346,200 shares (1.00% of total share capital) - Block trading from December 8 to December 25, 2025, with an average price of 45.80-50.32 CNY per share for 4,561,184 shares (1.94% of total share capital) [3][4]. Shareholder Reduction Breakdown - The largest reduction was by Mr. Wang Gang, who reduced 4.0533 million shares (1.73% of total share capital), with 1.3994 million shares through centralized bidding and 2.6539 million shares through block trading. Other partners also reduced their holdings, with varying amounts [4][5]. Changes in Shareholding Proportions - Following the reduction, the combined shareholding of the controlling shareholder and concerted actors decreased from 65.99% to 64.05%, maintaining absolute control over the company [5][6]. Impact Analysis - The reduction was stated to be a normal behavior based on "personal funding needs" and is not expected to significantly impact the company's governance structure or operational capabilities. The completion of the reduction plan is anticipated to alleviate short-term selling pressure on the company's stock [6][7]. Market Perception - The block trading occurred at relatively high average prices, indicating institutional investors' recognition of the company's long-term value. The controlling shareholders still hold 64.05% of the shares, providing a stable ownership structure for future development [7].
奕东电子控股股东一致行动人减持计划届满 累计减持690.74万股占总股本2.94%