Kega Precision Machinery (301333) Shareholder Reduction Notice: the employee shareholding platform plans to reduce holdings of no more than 2.128 million shares, representing 2% of total share capital

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Dongguan Kaige Precision Machinery Co., Ltd. (hereinafter referred to as “Kaige Precision” or “the Company”) announced on March 25, 2026, that the company’s controlling shareholder and actual controller, Mr. Qiu Guoliang, along with his concerted action partners—Dezhou Kailingge Investment Partnership (Limited Partnership) (hereinafter “Dezhou Kailingge”), Dongguan Kaichuang Investment Advisory Center (Limited Partnership) (hereinafter “Dongguan Kaichuang”), and Dongguan Kailing Investment Advisory Center (Limited Partnership) (hereinafter “Dongguan Kailing”)—plan to reduce their holdings of the company’s shares. The three shareholders are all employee shareholding platforms, collectively intending to reduce no more than 2.13M shares, accounting for 2% of the total share capital.

Shareholder and Shareholding Information

The announcement shows that Dezhou Kailingge, Dongguan Kaichuang, and Dongguan Kailing are all employee shareholding platforms where Mr. Qiu Guoliang serves as the managing partner, and they are in concerted action with the company’s controlling shareholder and actual controller. As of the disclosure date, these three shareholders hold a total of 7.01035 million shares, representing 6.59% of the total share capital. The specific shareholding details are as follows:

Details of the Reduction Plan

Reasons for Reduction and Share Sources

The announcement states that the reduction is mainly driven by the personal funding needs of employees within the employee shareholding platforms. The shares to be reduced come from shares issued before the company’s initial public offering and shares converted from capital reserve funds.

Methods and Quantities of Reduction

The three shareholders plan to implement the reduction through centralized bidding transactions and block trades. For reductions via centralized bidding, the number of shares reduced within any 90 consecutive natural days shall not exceed 1% of the company’s total share capital; for block trades, the same limit applies within any 90 consecutive natural days.

The specific proposed reduction quantities and proportions are as follows:

Note: If the company distributes shares, converts capital reserve into share capital, or has other share changes during the reduction period, the above reduction quantities will be adjusted accordingly.

Reduction Period and Price

The reduction period is from 15 trading days after this announcement is disclosed, lasting for three months, i.e., from April 17, 2026, to July 16, 2026. The reduction price range will be determined based on market prices and will not be lower than the company’s issuance price.

Shareholder Commitments and Risk Reminder

Performance of Shareholder Commitments

The announcement states that Dezhou Kailingge (formerly “Yuejiang County Kailingge Investment Management Center (Limited Partnership)”), Dongguan Kaichuang, and Dongguan Kailing committed at the time of the company’s initial public offering that, within 36 months from the listing date, they would not transfer or entrust others to manage their pre-IPO shares, nor would the company repurchase these shares. The relevant lock-up period has now expired, and the current reduction complies with these commitments.

Risk Reminder

The company emphasizes that the implementation of this reduction plan involves uncertainties. The relevant shareholders will decide whether to proceed based on their funding arrangements, market conditions, and other factors. The timing, quantity, price, and whether the reduction is completed on schedule are uncertain. At the same time, this reduction will not lead to a change in the company’s control, nor will it significantly impact the company’s governance structure or ongoing operations.

Additionally, the company currently does not face issues of share price falling below issuance or net asset value, and the total cash dividends in the past three years have not been less than 30% of the average net profit over the same period. The reduction actions by the controlling shareholder and the concerted action persons are in compliance with relevant regulatory requirements.

Follow-up Arrangements

Kaige Precision stated that it will continue to monitor the progress during the implementation of the reduction plan and urge the relevant shareholders to strictly comply with laws and regulations, and to fulfill their disclosure obligations in a timely manner. Investors are advised to pay attention to the company’s subsequent announcements for details on the implementation of the reduction plan.

(Source: Company Announcement)

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large 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 accuracy. If there are discrepancies, please rely on the official announcement. For questions, contact biz@staff.sina.com.cn.

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Editor: Xiaolang Kuaibao