ASIA CUANON(SH:603378) Shang Hai Zheng Quan Bao·2026-01-26 19:53Core Viewpoint - The announcement details a passive reduction in shares held by a significant shareholder of Asia Creative Energy Technology (Shanghai) Co., Ltd. due to a forced liquidation triggered by a financing default. Group 1: Major Shareholder's Situation - As of the announcement date, the major shareholder, Shanghai Chuangnengming Investment Co., Ltd., has a consistent action partner, Shanghai Runhe Tongcai Asset Management Co., Ltd., holding 27,125,491 shares, which accounts for 6.33% of the total share capital [2] - The shares held by Runhe Tongcai originated from pre-IPO holdings and shares converted from capital reserves after the IPO [2] Group 2: Reduction Plan Details - Due to a financing default, Runhe Tongcai may face a forced liquidation of 12,857,898 shares, representing 3% of the total share capital [3] - The reduction is planned to occur within three months after the disclosure of the reduction plan, with the selling price determined by market conditions at the time of the sale [3] - The reduction will not change the control of the company, and any corporate actions that affect total share capital will adjust the planned reduction accordingly [3] Group 3: Shareholder Commitments - Runhe Tongcai made commitments during the IPO, including a lock-up period of 36 months post-listing, with specific conditions for extending this period if share prices fall below the IPO price [5][6] - The commitments also include restrictions on the total number of shares that can be sold within specified time frames and conditions [6]