Liaoning Donghe New Materials (839792) shareholder Bi Yiming plans to reduce holdings by 3.3 million shares, accounting for 1.99% of the total share capital, at a price not lower than 8.68 yuan per share.

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On March 20, Liao Ning Donghe New Materials Co., Ltd. (stock abbreviation: Liao Ning Donghe New Materials, stock code: 839792) released a pre-disclosure announcement regarding the planned share reduction by shareholders. The actual controller of the company, a shareholder holding more than 5%, and general manager Bi Yiming plans to reduce the company’s shares within a certain period, with a total reduction not exceeding 3.3 million shares, accounting for 1.99% of the company’s total share capital.

Reduction Subject and Shareholding Situation

The announcement shows that the reduction subject is the actual controller of the company, a shareholder holding more than 5%, and general manager Bi Yiming. As of the announcement date, Bi Yiming holds 17,926,114 shares of the company, accounting for 10.8289% of the company’s total share capital. His shareholding comes from acquisitions before the listing on the Beijing Stock Exchange and additional acquisitions after the company went public.

Specific Content of the Reduction Plan

According to the announcement, Bi Yiming plans to reduce the number of shares by 3,300,000, accounting for 1.99% of the company’s total share capital. The reduction method will be a centralized bidding or block trading, and the reduction period will be within three months after 30 trading days from the date of this announcement, with a reduction price not lower than 8.68 yuan/share. The source of the shares to be reduced is consistent with Bi Yiming’s current shareholding, which is from acquisitions before the listing on the Beijing Stock Exchange and additional acquisitions after the listing, with the reason for reduction being personal funding needs.

Compliance and Impact Statement

The announcement emphasizes that this reduction plan does not violate the Company Law, Securities Law, the Listing Rules of the Beijing Stock Exchange, or the Guideline No. 8 on Continuous Supervision of Listed Companies regarding share reductions, nor does it contradict the reduction promises previously made by relevant parties. Bi Yiming has strictly fulfilled the commitments regarding shareholding ratio, quantity, duration, and reduction method made in the company’s prospectus, and this reduction matter is consistent with the disclosed commitments.

At the same time, the company stated that this reduction will not lead to changes in the company’s controlling shareholder or actual controller, nor will it adversely affect the company’s production and operation. The company does not have any significant negative matters or major risks. Additionally, if the reduction is made through block trading, the transferee cannot reduce the shares they acquired within six months after the transfer.

Risk Warning

The announcement warns that the above shareholders will decide whether to implement this share reduction plan based on market conditions, the company’s stock price, and other circumstances, and therefore, this reduction plan carries uncertainties regarding the timing, quantity, and price of the reduction, as well as whether it will be completed on schedule. However, the implementation of this reduction plan will not lead to changes in the company’s control.

The board of Liao Ning Donghe New Materials stated that it will continue to monitor the implementation of the above shareholders’ reduction plan and fulfill information disclosure obligations in a timely manner in accordance with relevant laws and regulations.

Statement: The market has risks, and investment requires caution. This article was automatically published by AI models based on third-party databases and does not represent the views of Sina Finance. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. For inquiries, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Kuai Bao