Guangdong Tian'an New Materials' Two Concerted Acting Parties Complete Share Reduction, Cumulatively Reducing 667,000 Shares and Cashing Out Approximately 6.48 Million Yuan

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On March 14, Guangdong Tianan New Materials Co., Ltd. (hereinafter referred to as “Guangdong Tianan New Materials”) announced the results of shareholder share reductions. The company’s shareholder Ms. Liang Kaihong and Guangdong Tianyao Import and Export Group Co., Ltd. (hereinafter “Tianyao Group”) have completed their previously disclosed share reduction plans, collectively reducing 667,000 shares, with a total cash-out of approximately 6.4803 million yuan.

Subject and Background of the Reduction

The announcement shows that Liang Kaihong and Tianyao Group are both deemed to be acting in concert with director Shen Yaoliang, who directly holds over 5% of the company’s shares. Liang Kaihong is Shen Yaoliang’s spouse, and Tianyao Group is an enterprise controlled by Shen Yaoliang. Before implementing this reduction plan, Liang Kaihong held 55,460 shares, accounting for 0.018% of the total share capital; Tianyao Group held 611,540 shares, accounting for 0.201%. Both sources of shares were obtained through centralized bidding transactions.

Details of the Reduction Plan Implementation

On February 7, 2026, Guangdong Tianan New Materials disclosed the reduction plan, stating that Liang Kaihong and Tianyao Group intended to reduce no more than 55,460 shares and 611,540 shares respectively within three months after the announcement, each not exceeding 0.018% and 0.201% of the total share capital.

As of March 13, 2026, the above reduction plan has been completed, with details as follows:

From the data, Liang Kaihong reduced 55,460 shares via centralized bidding, cashing out about 548,426 yuan, with her holdings now zero. Tianyao Group reduced 611,540 shares through block trading, cashing out approximately 5.9319 million yuan, also completing the reduction. The total reduction amounts to 667,000 shares, with total cash proceeds of about 6.4803 million yuan, all strictly in accordance with the original plan, with no over-limit or violations.

Market Impact and Compliance

The announcement emphasizes that this reduction strictly complies with the Securities Law, Shanghai Stock Exchange Stock Listing Rules, and other relevant laws, regulations, and business rules. The actual reduction matches the previously disclosed plan and commitments, with no early termination or failure to meet minimum reduction quantities.

As acting in concert with Shen Yaoliang, after this reduction, Liang Kaihong and Tianyao Group’s combined shareholding ratio will decrease from 5.926% to 5.707% (i.e., Shen Yaoliang’s personal shareholding ratio). Market analysis suggests that this reduction is a normal liquidity management behavior by shareholders and will not significantly impact the company’s fundamentals or long-term development.

Guangdong Tianan New Materials’ Board of Directors stated that they will continue to monitor shareholder shareholding changes and strictly fulfill information disclosure obligations in accordance with regulatory requirements.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing herein is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have questions, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Kuai Bao