Xinhui Technology shareholders plan to reduce their holdings by no more than 553.7k shares, accounting for 1.1079% of the total share capital.

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On April 7, Shenzhen Xinhui Technology Co., Ltd. (hereinafter referred to as “Xinhui Technology”) released a pre-disclosure announcement regarding the reduction of its shareholders’ holdings. The company’s shareholder Shenzhen Investment Holdings Donghai Small and Micro Venture Capital Enterprise (Limited Partnership) (hereinafter referred to as “Investment Holdings Donghai Small and Micro”) plans to reduce its shares of the company within a certain period. The number of shares to be reduced will not exceed 553,741 shares, accounting for 1.1079% of the company’s total share capital.

Reduction Entity and Shareholding Situation

The announcement shows that the reduction entity in this case, Investment Holdings Donghai Small and Micro, is a shareholder holding more than 5% of Xinhui Technology’s shares prior to the company’s listing. As of the date of disclosure of the announcement, the shareholder holds 553,741 shares of Xinhui Technology, accounting for 1.1079% of the company’s total share capital. The source of the shares is those obtained before listing on the Beijing Stock Exchange.

Details of the Reduction Plan

According to the announcement, Investment Holdings Donghai Small and Micro plans to reduce no more than 553,741 shares, accounting for 1.1079% of the company’s total share capital. The reduction methods are centralized bidding transactions or block trades. The reduction period is within 3 months after 30 trading days from the date on which this announcement is disclosed. The reduction price range will be determined based on the market price at the time of the reduction. The proposed source of the shares to be reduced is shares obtained before listing on the Beijing Stock Exchange.

Regarding the reason for the reduction, the announcement clearly states: “The fund’s term is approaching its expiration, normal exit.”

Shareholder Commitments and Compliance Explanation

The announcement states that before Xinhui Technology’s listing, Investment Holdings Donghai Small and Micro made the following commitments: before reducing the shares, it must give advance notice to the company, and the company will disclose an announcement 3 trading days prior to the reduction. The reduction price will be determined based on the secondary market price at that time and will comply with the relevant laws and regulations. This planned reduction does not involve any circumstance that would violate the relevant commitments.

Xinhui Technology states that this reduction will not lead to any change in the company’s control over the next 12 months. There are no major adverse matters or major risks that have not been disclosed, and it also has not violated relevant laws and regulations and requirements such as the 《Company Law》, 《Securities Law》, and the 《Beijing Stock Exchange Stock Listing Rules》.

Risk Warning

The announcement specifically emphasizes that the implementation of this reduction plan involves uncertainty. The reducing shareholder will decide whether and how to implement the reduction based on factors such as market conditions and the company’s stock price. There are uncertainties regarding the timing, quantity, and price of the reduction, and there is also a risk that the plan may not be implemented or may be only partially implemented. The company will urge the reducing shareholder to strictly comply with the relevant provisions on share reduction during implementation and to fulfill information disclosure obligations in a timely manner.

Xinhui Technology reminds investors to make rational investment decisions and pay attention to investment risks.

Statement: The market involves risks; investment should be done cautiously. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s viewpoints. Any information appearing in this article is for reference only and does not constitute personal investment advice. In case of any discrepancies, please refer to the actual announcement. If you have any questions, please contact biz@staff.sina.com.cn.

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Responsible editor: Xiao Lang Express