Group 1 - The major shareholders of Suqian Liansheng (603065.SH) have announced plans to reduce their holdings, with significant stakes held by Fangyuan Zhihuo, Coastal Investment, XGBS Venture Capital, and Bansheng Juyuan [1][2] - Fangyuan Zhihuo plans to reduce up to 12,569,027 shares, representing 3% of the total share capital, during the period from July 31, 2025, to October 31, 2025 [2] - Coastal Investment, XGBS Venture Capital, and Bansheng Juyuan collectively plan to reduce up to 12,690,000 shares, accounting for 3.03% of the total share capital, within the same timeframe [2] Group 2 - Suqian Liansheng was listed on the Shanghai Stock Exchange on March 21, 2023, with an issuance of 41.9 million shares at a price of 12.85 yuan per share [3] - The stock reached its highest price of 22.39 yuan on March 23, 2023, but has since experienced a decline and is currently trading below its initial offering price [3] - The total funds raised from the IPO amounted to 538.415 million yuan, with a net amount of 466.6271 million yuan allocated for the construction of products such as light stabilizers and key intermediates [3]