Shangwei Co., Ltd.: Shareholder Li Guangyuan Has Reduced Holdings by 1%

2026-03-20 20:28:21

Shangwei Co., Ltd. announced that shareholder Li Guangyuan’s reduction plan has been completed. Between January 27, 2026, and April 26, 2026, he planned to reduce no more than 6.2153 million shares (less than 1% of total share capital) through centralized bidding. As of March 10, 2026, he had reduced 6.2152 million shares, accounting for 1% of total shares, with transaction prices ranging from 8.07 to 9.12 yuan per share, cashing out 53.0347 million yuan. His shareholding has decreased to 55.8353 million shares, accounting for 8.98%, down from 9.98% before the reduction. This change in equity touches the 1% threshold but does not trigger a mandatory tender offer obligation.

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