Zhong Guo Jing Ji Wang·2026-01-26 07:09Core Viewpoint - Runyang Technology (300920.SZ) announced a share reduction plan involving its director and specific shareholders, indicating potential liquidity needs and changes in shareholder structure [1][2]. Group 1: Share Reduction Plan - Director Tong Xiaoling plans to reduce her holdings by up to 800,000 shares, representing 0.8000% of the total share capital [1]. - Specific shareholder Mingmao Investment intends to reduce its holdings by up to 239,770 shares, accounting for 0.23977% of the total share capital [1]. - The reduction period is set from February 24, 2026, to May 23, 2026, excluding any periods where reductions are legally prohibited [1]. Group 2: Financial Implications - Based on the closing price of 43.67 yuan on January 23, 2023, Tong Xiaoling's cash-out amount is approximately 34.936 million yuan, while Mingmao Investment's cash-out is about 10.4708 million yuan [2]. - Mingmao Investment is associated with the company's controlling shareholders, Zhang Pao and Yang Qingfeng, indicating a close relationship among the key stakeholders [2]. Group 3: Company Background - Runyang Technology was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 25, 2020, with an initial issuance of 25 million shares, representing 25.00% of the post-issue total share capital [2]. - The total amount raised from the initial public offering was 673.25 million yuan, with a net amount of 612.02 million yuan allocated for various projects, including production capacity expansion and R&D [3].