Core Viewpoint - The controlling shareholder of Zhongchen Co., Ltd. plans to reduce its stake in the company by up to 16,412,713 shares, representing 3.00% of the total share capital, through centralized bidding or block trading within three months after the announcement [1][3]. Group 1: Shareholder Reduction Plan - Zhongchen Holdings Co., Ltd. intends to sell shares amounting to approximately 133.11 million yuan based on the previous trading day's closing price of 8.11 yuan per share [2]. - The reduction will be executed in two ways: through centralized bidding, with a limit of 1% of the total share capital over any consecutive 90 days, and through block trading, with a limit of 2% of the total shares over the same period [1][3]. Group 2: Company Background and Financials - As of the announcement date, Zhongchen Holdings holds 223,750,000 shares, accounting for 40.90% of the total share capital, and the reduction will not affect the company's control or governance structure [3]. - Zhongchen Co., Ltd. was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on January 22, 2021, with an initial issuance of 91.7 million shares at a price of 3.37 yuan per share, raising a total of 309 million yuan [3][4]. - The company aimed to raise 440 million yuan, with 143 million yuan allocated for environmentally friendly special cables for rail transit, 73.66 million yuan for special cables for new energy, and 200 million yuan for working capital [3][5].