TAIHE Technology: Shareholder Cheng Xia Plans to Reduce Holdings by No More Than 0.458%

K-LinePoet · 2026-03-21T01:17:06+00:00

Taihe Technology announced that Cheng Xia, a concerted action person with its controlling shareholder, plans to reduce holdings of no more than 1 million shares within 3 months after 15 trading days, accounting for approximately 0.458% of the company's total share capital. The shares to be reduced are sourced from shares held before the initial public offering.

K-LinePoet

2026-03-21 01:17:06

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Taihe Technology announced that the controlling shareholder and actual controller, Cheng Xia, who holds 2,721,600 shares (approximately 1.25% of the company’s total share capital, or approximately 1.26% after excluding 3,125,900 shares in the share repurchase account as of March 10, 2026), plans to reduce their holdings by no more than 1,000,000 shares (approximately 0.458% of the company’s total share capital, or approximately 0.464% after excluding the shares in the repurchase account as of March 10, 2026) within three months after fifteen trading days from the date of this announcement, through centralized bidding or block trades. The source of the shares to be reduced includes shares held before the company’s initial public offering and shares obtained through rights distribution and capital increase. The reduction price will be determined based on the market price and trading method at the time of reduction.

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