XingHuan Technology Shareholder Linzhi Lichuang Plans to Reduce Holdings of No More Than 1.2114 Million Shares, Accounting for 1% of Total Share Capital

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March 17, Xinghuan Information Technology (Shanghai) Co., Ltd. (hereinafter referred to as “Xinghuan Technology”) announced that the shareholder holding more than 5%, Linzhi Lichuang Information Technology Co., Ltd. (hereinafter referred to as “Linzhi Lichuang”) plans to reduce its holdings. The reduction will be through centralized bidding of no more than 1,211,400 shares, accounting for 1.00% of the company’s total share capital.

Details of the reduction subject and shareholding

The announcement shows that as of the disclosure date, Linzhi Lichuang held 7,614,800 shares of Xinghuan Technology, accounting for 6.29% of the total share capital. These shares were all acquired before the company’s initial public offering and have been unlocked for sale and listed for trading since October 18, 2023. Linzhi Lichuang has no concerted action persons.

Specific content of the reduction plan

According to the announcement, due to its own arrangements, Linzhi Lichuang plans to reduce no more than 1,211,400 shares through centralized bidding within three months after 15 trading days from the disclosure of this announcement, i.e., from April 9, 2026, to July 8, 2026. The number of shares to be reduced may be adjusted if the company undergoes share changes such as bonus shares or capital reserve to share capital during this period.

Historical reduction review

The announcement also discloses Linzhi Lichuang’s reduction activities over the past 12 months. Details are as follows:

Note: The company’s total share capital changed twice due to the registration of restricted stock incentive plans in 2023. It was changed to 121,129,516 shares on March 7, 2025, and to 121,135,916 shares on September 19, 2025. The reduction ratio is based on the total share capital at the time of disclosure.

Risk reminder

Xinghuan Technology reminds that this reduction plan is based on the shareholder’s own needs and will not have a significant impact on the company’s governance structure or ongoing operations. However, during the reduction period, shareholders will decide whether and how to implement the plan based on market conditions, company stock price, and other factors. The amount and price of the reduction are uncertain. This reduction plan will not lead to a change in the company’s control.

The company states that Linzhi Lichuang will strictly comply with relevant laws, regulations, and regulatory requirements, and will fulfill information disclosure obligations in a timely manner during the implementation of the reduction plan. Investors are advised to invest rationally and be aware of investment risks.

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

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Editor: Xiao Lang Kuai Bao