US New Tech Executives and Shareholding Platform Reduction Plan Expires: Xinyi Cheng Liquidates and Exits, Tianda Zhiyuan Reduces Holdings of 175,000 Shares

Meixin Technology Co., Ltd. (hereinafter referred to as “Meixin Technology”) announced on March 17, 2026, that the share reduction plan previously disclosed by the company’s senior management and the partners of the pre-IPO shareholding platforms has expired. The announcement shows that during the share reduction window from December 18, 2025, to March 17, 2026, relevant shareholders carried out partial reductions through centralized bidding. Among them, Xinyu Xinyi Cheng Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as “Xinyi Cheng”) fully liquidated and exited, while Xinyu Tianda Zhiyuan Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as “Tianda Zhiyuan”) reduced 175,000 shares.

Implementation of the reduction plan: some executives and shareholding platforms completed reductions

According to the announcement, this reduction involved company executives Zou Xiaomin, Bao Minghui, Director Li Qinghai, Supervisor He Guoqiang, and other non-director senior management partners of the three pre-IPO shareholding platforms—Tianda Zhiyuan, Bosheng Chuanglian, and Xinyi Cheng. The reduction was carried out via centralized bidding during the period from December 18, 2025, to March 17, 2026.

Specific reduction details show that Bao Minghui reduced 500 shares through Xinyi Cheng via centralized bidding from January 26 to February 11, 2026, at an average price of 21.90 yuan per share. Additionally, the announcement mentions that Zou Xiaomin and He Guoqiang also participated in the reduction, with prices ranging from 21.00 to 27.00 yuan and 25.59 to 27.00 yuan, respectively. However, the specific quantities reduced were not disclosed, only noting that Zou Xiaomin’s reduction this time did not exceed 25% of their direct or indirect holdings. Notably, Director Li Qinghai and other non-director partners of Bosheng Chuanglian did not reduce holdings through Bosheng Chuanglian this time.

Shareholding changes of the platforms: Xinyi Cheng fully exited, Tianda Zhiyuan’s shareholding ratio decreased

After this reduction, the shareholding status of the three platforms changed significantly. Xinyi Cheng completely liquidated its holdings, which were 50,000 shares (0.0421% of total shares) before the reduction, now zero. Tianda Zhiyuan reduced 175,000 shares, from 1.16 million shares to 985,000 shares, decreasing its ownership from 0.9759% to 0.8287%. Bosheng Chuanglian’s holdings remained unchanged at 500,000 shares (0.4206%).

Announcement emphasizes: compliant reduction will not affect company operations

Meixin Technology stated in the announcement that during the reduction plan period, relevant shareholders strictly adhered to the Securities Law, the Shenzhen Stock Exchange Growth Enterprise Market Stock Listing Rules, and other laws and regulations. The reduction disclosures were made in accordance with regulations, and the actual reductions were consistent with the previously disclosed plan. The announcement also clarified that these shareholders are not controlling shareholders or actual controllers of the company, and the implementation of this reduction plan will not have a significant impact on the company’s governance structure or ongoing operations.

It is understood that Meixin Technology disclosed a pre-reduction announcement on November 26, 2025, and this is the result announcement after the plan’s expiration. Market analysts believe that reductions by pre-IPO shareholders and senior management are normal behaviors for listed companies. The scale of this reduction is relatively limited and is unlikely to have a short-term impact on the company’s stock price.

Disclaimer: The market carries risks; investments should be cautious. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s views. All information herein is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have questions, contact biz@staff.sina.com.cn.

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