Zhejiang Kunbo Precision Industry multiple shareholders plan to collectively reduce their holdings by no more than 993.4k shares, accounting for 2% of the total share capital.

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Zhejiang Kunbo Precision Technology Co., Ltd. (hereinafter referred to as the “Company”) recently disclosed a pre-disclosure announcement for shareholders’ share reductions. Multiple shareholders holding more than 5% and directors, supervisors, and senior management plan to reduce the Company’s shares through centralized bidding or block trading. The total maximum reduction amounts to 993.4k shares, accounting for 2% of the Company’s total share capital.

Shareholding Entities and Their Shareholding

The announcement shows that this reduction involves five shareholders: Haiyan Kunbo Enterprise Management Consulting Partnership (Limited Partnership) (hereinafter referred to as “Haiyan Kunbo”), Wang Guohua, Li Quanming, Shen Guofei, and Li Kangni. Among them, Haiyan Kunbo, Wang Guohua, and Li Quanming are shareholders holding more than 5%; Li Quanming is also the Company’s chairman and the actual controller; Wang Guohua is a senior management personnel; Shen Guofei is a director and senior management personnel; and Li Kangni is a senior management personnel. Each shareholder’s shareholding is as follows:

Shareholder name
Shareholder status
Number of shares held (shares)
Shareholding ratio (%)
Source of shares
Haiyan Kunbo Enterprise Management Consulting Partnership (Limited Partnership)
Shareholder holding more than 5%, an action-in-concert party consistent with the actual controller, and an employee shareholding platform
5,544,000
11.0505%
Acquired before listing (including bonus share issuance via capitalizing equity distribution)
Wang Guohua
Shareholder holding more than 5%, senior management personnel
5,404,232
10.7719%
Acquired before listing (including bonus share issuance via capitalizing equity distribution)
Li Quanming
Shareholder holding more than 5%, chairman, actual controller
3,427,368
6.8315%
Acquired before listing (including bonus share issuance via capitalizing equity distribution)
Shen Guofei
Director, senior management personnel
135,520
0.2701%
Acquired before listing (including bonus share issuance via capitalizing equity distribution)
Li Kangni
Senior management personnel
74,536
0.1486%
Acquired before listing (including bonus share issuance via capitalizing equity distribution)

Details of the Share Reduction Plan

According to the announcement, the details of the share reduction plans for each shareholder are as follows:

Shareholder name
Planned reduction quantity (shares)
Planned reduction as a proportion of total share capital (%)
Reduction method
Reduction period
Reduction price range
Source of shares
Reason for the reduction
Haiyan Kunbo Enterprise Management Consulting Partnership (Limited Partnership)
No more than 316,069
0.6300%
Centralized bidding
Within 3 months after 30 trading days from the date of disclosure of this announcement
Determined based on market price
Acquired before listing (including bonus share issuance via capitalizing equity distribution)
Shareholder’s own capital needs
Wang Guohua
No more than 316,069
0.6300%
Centralized bidding or block trading
Within 3 months after 15 trading days from the date of disclosure of this announcement
Determined based on market price
Acquired before listing (including bonus share issuance via capitalizing equity distribution)
Shareholder’s own capital needs
Li Quanming
No more than 316,069
0.6300%
Centralized bidding or block trading
Within 3 months after 30 trading days from the date of disclosure of this announcement
Determined based on market price
Acquired before listing (including bonus share issuance via capitalizing equity distribution)
Shareholder’s own capital needs
Shen Guofei
No more than 35,118
0.0700%
Centralized bidding
Within 3 months after 15 trading days from the date of disclosure of this announcement
Determined based on market price
Acquired before listing (including bonus share issuance via capitalizing equity distribution)
Shareholder’s own capital needs
Li Kangni
No more than 20,067
0.0400%
Centralized bidding
Within 3 months after 30 trading days from the date of disclosure of this announcement
Determined based on market price
Acquired before listing (including bonus share issuance via capitalizing equity distribution)
Shareholder’s own capital needs

Based on calculations, the above shareholders’ total planned reduction quantity will not exceed 993,392 shares, accounting for 2% of the Company’s total share capital. Of this, the actual controller Li Quanming and his persons acting in concert, Li Kangni and Haiyan Kunbo, may together reduce a quantity that exceeds 1% of the Company’s total share capital.

Risk Warning and Impact Explanation

The announcement states that there is uncertainty in this share reduction plan, and shareholders will decide whether to implement the plan and to what extent based on factors such as market conditions and the Company’s stock price. The Company emphasized that this share reduction will not lead to any change in the controlling shareholder or the actual controller, nor will it have any adverse impact on the Company’s production and operations. The Company states that there are no major negative matters or risks.

In addition, if shares are reduced through block trading, the transferee shall not reduce the shares transferred within 6 months after the transfer. As of the date of disclosure of the announcement, the relevant shareholders have strictly fulfilled the commitments they made previously, and no breach of commitments has occurred.

The Company stated that it will closely monitor the implementation of the shareholders’ share reduction plans and will promptly fulfill its information disclosure obligations in accordance with relevant regulations. Investors are reminded to invest rationally and to be mindful of investment risks.

Statement: The market involves risk; investing requires caution. This article is automatically published by an AI large-scale model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is provided only as reference and does not constitute personal investment advice. Please refer to the actual announcement in case of any discrepancies. If you have any questions, please contact biz@staff.sina.com.cn.

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