Honextech Technology's Controlling Shareholder Reduces Holdings by 8.08 Million Shares in One and a Half Months, Cashing Out 120 Million Yuan

MaticHoleFiller · 2026-03-22T16:19:01+00:00

Hongxun Technology announced that its controlling shareholder and concerted action person Ningbo Bangbangmang reduced holdings of 8,084,400 shares of the company during the period from February 3 to March 18, 2026, representing 2% of total shares, with equity ratio reduced to 50%. The reduction amount is approximately 117 million yuan.

MaticHoleFiller

2026-03-22 16:19:01

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China Economic Net Beijing, March 19 — Hongxun Technology (603015.SH) released a prompt announcement yesterday evening regarding the change in the equity of the controlling shareholder’s concerted action person reaching the 5% threshold.

On March 18, 2026, the company received a “Brief Equity Change Report” from Ningbo Bangbang Help Trading Co., Ltd. (hereinafter referred to as “Ningbo Bangbang Help”), one of the company’s controlling shareholders and concerted action persons. It was learned that between February 3, 2026, and March 18, 2026, through centralized bidding and block trades, Ningbo Bangbang Help reduced its holdings by a total of 8,084,400 shares, accounting for 2% of the company’s total shares.

After this equity change, the combined holdings of the company’s controlling shareholder and concerted action persons decreased from 52.00% to 50.00%, reaching the 5% threshold.

From February 3, 2026, to March 18, 2026, the weighted average price of Hongxun Technology was 14.498 yuan. Calculations show that Ningbo Bangbang Help’s reduction amounted to approximately 117 million yuan.

Hongxun Technology’s announcement on the evening of July 8, 2025, regarding the reduction of shares by the controlling shareholder, showed that on July 8, 2025, the company received a “Notice of Completion of the Reduction Plan and Results” from the controlling shareholder RED FACTOR LIMITED (referred to as “RED”). As of July 8, 2025, RED had reduced a total of 4,042,100 shares through centralized bidding during the reduction plan, representing 1% of the company’s total share capital. The reduction plan was completed. The announcement also indicated that from July 2 to July 8, 2025, RED reduced 4,042,100 shares through centralized bidding, at prices ranging from 12.50 yuan/share to 12.83 yuan/share, totaling 51,263,424 yuan.

Ningbo Bangbang Help is a wholly owned subsidiary and concerted action person of RED FACTOR LIMITED, the controlling shareholder of the company.

(Responsible Editor: Tian Yunfei)

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