TGC(SZ:300265) Mei Ri Jing Ji Xin Wen·2026-02-26 15:51Core Viewpoint - Tongguang Cable announced a share reduction plan by its controlling shareholder, Tongguang Group, and its chairman Zhang Zhong, which will not affect the company's governance structure or control [2][3]. Group 1: Share Reduction Details - Tongguang Group plans to reduce its holdings by up to 14.028 million shares, accounting for no more than 3% of the total share capital, within three months from March 20 to June 19, 2026 [2]. - Chairman Zhang Zhong intends to reduce his holdings by up to 98,300 shares, representing 0.021% of the total share capital [2]. - The total planned reduction by both shareholders amounts to a maximum of 3.021% of the company's total shares [2]. Group 2: Historical Context - The last share reduction by Tongguang Group occurred in 2020, when it reduced its holdings by 3.42 million shares [3]. - Zhang Zhong has not executed any share reductions since the company's IPO in 2011, making this potential reduction his first [3]. - The shares to be reduced by Tongguang Group are from pre-IPO shares and those obtained through capital reserve conversion [3]. Group 3: Market Reaction and Performance - Following the announcement of the share reduction plan, Tongguang Cable's stock price surged, with an intraday increase of 15.26% and a closing increase of 8.67% on February 26 [5]. - Over the period from December 11, 2025, to February 26, 2026, Tongguang Cable's stock rose by 82.82%, significantly outperforming the market's 8.92% increase [6]. - The company has recently secured procurement projects worth approximately 247 million yuan from the State Grid, indicating strong fundamentals [5].