Core Viewpoint - The controlling shareholder of Sanmei Co., Ltd. (三美股份) has reduced their stake, triggering a 1% threshold change in equity ownership, indicating a strategic move in the company's shareholding structure [1]. Shareholder Changes - Hu Rongda, the controlling shareholder, reduced his holdings by 5,238,300 shares from August 1 to August 26, 2025, which is 0.86% of the total share capital [1]. - Following this reduction, Hu Rongda and his concerted parties now hold 61.98% of the company's shares, down from 62.83% [1]. - The total cash generated from this reduction, based on an average stock price of 54.11 yuan per share, amounts to approximately 283 million yuan [1]. Company Background - Sanmei Co., Ltd. was listed on the Shanghai Stock Exchange on April 2, 2019, with an initial issuance of 59,733,761 shares at a price of 32.43 yuan per share [3]. - The total funds raised from the public offering amounted to 193.72 million yuan, with a net amount of 181.29 million yuan allocated for various projects including expansion and environmental improvements [3]. - The company also announced a profit distribution plan in 2020, distributing a cash dividend of 0.45 yuan per share and a capital increase of 0.40 shares per share, resulting in a total share capital of 610,479,037 shares post-distribution [4].