Core Viewpoint - The controlling shareholder and chairman of Hunan Yujing Machinery Co., Ltd., Yang Yuhong, plans to reduce his shareholding by up to 2.9956% within three months after the announcement date through centralized bidding or block trading [1][2][3] Shareholder Information - Yang Yuhong holds 46,478,991 shares, representing approximately 22.6284% of the company's total share capital, and 22.8061% when excluding shares in the repurchase account [1][2] - The shares to be reduced are obtained through capital reserve conversion [2][3] Reduction Plan Details - The reduction will occur within a period from the announcement date until October 31, 2025, excluding any periods where reductions are prohibited by regulatory authorities [3][12] - The maximum number of shares to be reduced through centralized bidding is limited to 1% of the total shares, while block trading can account for up to 2% [3][12] Compliance with Previous Commitments - Yang Yuhong has adhered to previous commitments regarding shareholding and will continue to comply with relevant regulations during the reduction process [3][12] - There are no inconsistencies with previously disclosed intentions or commitments regarding shareholding [12] Regulatory Compliance - The reduction plan complies with various laws and regulations, including the Company Law and Securities Law of the People's Republic of China, as well as the Shenzhen Stock Exchange's self-regulatory guidelines [12][13] - The company will monitor the implementation of the reduction plan and ensure compliance with legal obligations [13]