Lai Mu Co., Ltd.'s actual controller Fang Peijiao plans to cash out 100 million yuan, having already cashed out 100 million yuan last year; raised 1.1 billion yuan through A-shares.

Laimu Co., Ltd. (603633.SH) announced yesterday evening that, within three months after 15 trading days from the announcement date, the company’s controlling shareholder and actual controller, Fang Peijiao, plans to reduce holdings through centralized bidding of no more than 4,268,108 shares, accounting for 1.00% of the company’s total share capital; through block trades of no more than 8,536,216 shares, accounting for 2.00%; with a total reduction of no more than 12,804,324 shares, representing 3.00% of the total share capital and 20.32% of his total holdings.

Based on the company’s closing price of 8.40 yuan on March 16, Fang Peijiao’s cash proceeds from this reduction are approximately 108 million yuan.

As of the announcement date, Fang Peijiao held 63,015,129 shares, accounting for 14.76% of the total share capital. His concerted action partner, Shanghai Guiwei Investment Consulting Co., Ltd., held 25,858,778 shares, accounting for 6.06%. Together, Fang Peijiao and his concerted action partner hold a total of 88,873,907 shares, representing 20.82% of the total share capital.

On December 3, 2025, Laimu Co., Ltd. disclosed an announcement regarding the change in shareholding of shareholders holding more than 5%, reaching the 1% threshold, and the results of shareholder reductions. As of the announcement date, Fang Peijiao had cumulatively reduced 4,264,600 shares through centralized bidding, accounting for 1.00% of the total share capital; and 6,000,000 shares through block trades, accounting for 1.41%. The total reduction was 10,264,600 shares, or 2.40% of the total share capital, representing 14.01% of his holdings before the reduction. The reduction period has ended, with a total reduction amount of 108 million yuan.

Laimu Co., Ltd. was listed on the Shanghai Stock Exchange on November 17, 2016, with an issuance of 30.09 million shares at 6.75 yuan per share, raising a total of 203.1075 million yuan, all from new share issuance, with a net fund raise of 168.3188 million yuan.

The company’s sponsor was Haitong Securities Co., Ltd., with sponsors Sun Wei and Han Li. The total issuance and sponsorship fee was 34.78 million yuan, with underwriters’ and sponsors’ fees of 24 million yuan.

According to the announcement on the change in shareholding and listing of newly issued shares, the listing date of the newly added shares was July 30, 2020. The total number of additional shares issued was 60,109,700, all freely tradable; the issuance price was 3.90 yuan per share; total funds raised were 234,427,830 yuan; net funds raised were 225,501,311.42 yuan; issuance expenses totaled 8,926,518.58 yuan.

Laimu Co., Ltd. also issued a special report on the storage and use of raised funds for the year, confirming that, according to the China Securities Regulatory Commission’s approval document (Approval No. 58 [2022]), the company, through its lead underwriter Haitong Securities, issued 64,814,814 A-shares to specific targets via private placement at 10.80 yuan per share, raising a total of 700 million yuan. After deducting underwriting and sponsorship fees of 10.696 million yuan, the net raised funds amounted to 689.304 million yuan, which was transferred into the company’s fund supervision account on June 28, 2022. After deducting external costs related to issuance such as online issuance fees, prospectus printing, accounting, legal, and valuation fees totaling 1.3962 million yuan, the net proceeds were 687.9078 million yuan. The fund receipt status has been verified by Tianjian Certified Public Accountants (Special General Partnership), which issued a “Capital Verification Report” (Tianjian Verification [2022] No. 2-23).

Since listing, Laimu Co., Ltd. has raised a total of 1,137.5353 billion yuan through three fundraising rounds.