Decai Decoration CO.(SH:605287) Xin Lang Zheng Quan·2026-01-16 11:03Core Viewpoint - The shareholder Qingdao Chengshi Private Fund Management Co., Ltd. - Qingdao Chenggao Century Fund Investment Management Center (Limited Partnership) has completed its share reduction plan, selling a total of 4.1973 million shares of Decai Decoration Co., Ltd., accounting for 2.9981% of the company's total share capital, with a cash return of approximately 1.21 billion yuan [1][2][3]. Summary by Sections Reduction Plan Implementation Details - The reduction plan was disclosed on December 16, 2025, with a maximum reduction of 1.4 million shares (1.00% of total share capital) through centralized bidding and 2.8 million shares (2.00%) through block trading, totaling a maximum of 3.00% [2]. - By January 16, 2026, the plan was completed, with 1.4 million shares sold via centralized bidding and 2.7973 million shares via block trading, totaling 4.1973 million shares, which aligns closely with the original plan [2]. Changes in Shareholding Before and After Reduction - Before the reduction, Chenggao Century held 4.8439 million shares (3.46% of total share capital). After the reduction, the holding decreased to 646,600 shares (0.46%) [3]. - The reduction details are as follows: - Before reduction: 4,843.9 thousand shares, 3.46% - Reduction amount: 4,197.3 thousand shares, 2.9981% - After reduction: 646.6 thousand shares, 0.46% [3]. Share Reduction Price and Fund Recovery - The reduction price ranged from 27.70 yuan/share to 30.46 yuan/share, with total funds recovered amounting to 120,956,147 yuan (approximately 1.21 billion yuan). The average price for the shares sold was about 28.82 yuan/share [3]. Shareholder Background and Market Impact - Chenggao Century is classified as a "direct shareholder holding less than 5%" and is not a controlling shareholder, actual controller, or part of the company's management. The reduction is considered a normal financial investment exit and is not expected to significantly impact the company's governance or operations [4]. - The near 3% reduction in shares may exert some short-term pressure on the company's stock price, but the advance disclosure of the plan and alignment with the actual reduction may have allowed the market to partially absorb these expectations [4].