Core Viewpoint - The major shareholder, Zhongyue Capital Management Co., Ltd., plans to reduce its stake in Dream Lily by up to 5.7059 million shares, representing no more than 1% of the company's total share capital, within three months after the announcement [1] Summary by Categories - **Shareholder Actions** - Zhongyue Capital Management Co., Ltd. intends to reduce its holdings through centralized bidding or block trading [1] - The reduction will occur within three months starting from 15 trading days after the announcement [1] - **Share Reduction Details** - The maximum number of shares to be sold is 5.7059 million [1] - The selling price will be determined based on the market price at the time of the reduction [1]

Core Points - The company Mengbaihe (603313.SH) announced that its major shareholder, Zhongyue Capital Management Co., Ltd. - Zhongyue Focus No. 9 Private Securities Investment Fund, holds 49.5045 million shares, accounting for 8.68% of the total share capital [1] - Zhongyue Focus No. 9 plans to reduce its holdings by up to 5.7059 million shares, which is no more than 1% of the total share capital, through centralized bidding or block trading within three months after 15 trading days from the announcement date [1] - The reduction price will be determined based on the market price at the time of the reduction, and any changes in share capital due to dividends, bonus shares, capital increases, or other corporate actions will adjust the reduction plan accordingly [1]

Core Insights - Dream Lily (603313.SH) released its semi-annual report for 2025, revealing that as of August 25, 2025, 18 institutional investors held a total of 96.6088 million shares, accounting for 16.93% of the total share capital [1] - The top ten institutional investors collectively held 16.00% of the shares, with a decrease of 0.91 percentage points compared to the previous quarter [1] Group 1: Institutional Holdings - A total of 18 institutional investors disclosed their holdings in Dream Lily, with a combined shareholding of 96.6088 million shares [1] - The top ten institutional investors include notable funds such as China Industrial Bank's Hua'an Ankang Flexible Allocation Mixed Fund and Hangzhou Zheyun Private Fund Management's Zheyun Hongtai Private Fund [1] - The proportion of shares held by the top ten institutional investors decreased by 0.91 percentage points from the previous quarter [1] Group 2: Public Fund Activity - One public fund, Hua'an Ruiming Two-Year Open Mixed A, increased its holdings during this period, showing a slight rise in its shareholding percentage [2] - A total of 14 new public funds disclosed their holdings compared to the previous quarter, including funds like Hua'an Ankang Flexible Allocation Mixed A and Jiao Yin Rui Si Mixed (LOF) [2]