Core Viewpoint - The announcement details the shareholding changes of Zhaomin Technology (301000.SZ) due to the reduction of shares by major shareholders Ningbo Baizhao and Ningbo Huazhao, which does not trigger a mandatory takeover and will not change the company's controlling shareholder or actual controller [1][4]. Shareholding Changes - As of March 17, 2025, Ningbo Baizhao, Ningbo Huazhao, and their concerted parties held a total of 145,152,000 shares, accounting for 59.76% of the total share capital [1]. - From March 18 to June 16, 2025, they reduced their holdings by 7,264,560 shares (2.99%), bringing their total holdings to 137,887,440 shares (56.77%) [1]. - On September 8, 2025, they further reduced their holdings by 1,963,400 shares (0.81%), resulting in total holdings of 135,924,040 shares (55.96%) [2]. - Between September 9 and September 16, 2025, they reduced their holdings by an additional 2,341,500 shares (0.96%), bringing their total holdings down to 133,582,540 shares (55.00%) [2]. Financial Impact of Share Reductions - The total amount cashed out by Ningbo Baizhao and Ningbo Huazhao since September is 230 million yuan [3]. - The share reductions from March to June 2025 resulted in cashing out approximately 293 million yuan [4]. - The share price on September 8, 2025, was 53.33 yuan, leading to a cash-out amount of approximately 104.71 million yuan for that day [2]. Company Background - Zhaomin Technology was listed on the Shenzhen Stock Exchange on May 28, 2021, with an initial public offering of 13.33 million shares at a price of 64.31 yuan per share, raising a total of 857 million yuan [4]. - The net proceeds from the fundraising were 782 million yuan, exceeding the original plan by 278 million yuan [4]. - The company focuses on the production of automotive precision injection parts, electronic water pumps, and thermal management modules [4].

Core Viewpoint - The announcement details the share reduction plans of major shareholders of Zhaomin Technology, indicating a potential liquidity event without significant impact on the company's governance or control structure [1][2]. Shareholder Reduction Plans - Ningbo Baizhao plans to reduce its holdings by up to 1,211,900 shares (0.5% of total shares) through centralized bidding and up to 2,423,950 shares (1% of total shares) through block trading within three months after the announcement [1]. - Ningbo Huazhao also plans to reduce its holdings by the same amounts as Ningbo Baizhao, indicating a coordinated approach to share reduction [1]. Financial Impact of Previous Reductions - From March 18 to April 29, 2025, Ningbo Baizhao sold 1,210,700 shares at an average price of 42.43 CNY, realizing approximately 51.37 million CNY [2]. - Ningbo Huazhao sold 1,210,700 shares at an average price of 43.54 CNY during the same period, generating around 52.71 million CNY [2]. - The total cash generated from the share reductions by both shareholders amounted to approximately 293 million CNY [3]. Company Background - Zhaomin Technology was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on May 28, 2021, with an initial public offering of 13.33 million shares at a price of 64.31 CNY per share [4]. - The total funds raised amounted to 857 million CNY, with a net amount of 782 million CNY after deducting issuance costs, exceeding the original fundraising plan by 278 million CNY [4]. Dividend History - The company has a history of dividend distributions, including a 15 CNY per share dividend in 2022, an 8 CNY per share dividend in 2023, and a 4.5 CNY per share dividend in 2024 [5]. - The stock price experienced significant growth, rising from a low of 7.54 CNY in February 2024 to a high of 58.73 CNY by April 29, 2025, representing a 678.91% increase over 15 months [5].