CEL Bravo, Shareholder of Ruton Power, Plans to Reduce Holdings of No More Than 20.7038 Million Shares, Accounting for 2% of Total Share Capital

Log in to Sina Finance App and search for [Disclosure of Information] to see more evaluation levels

On March 18, Runtao Power Information Technology (Group) Co., Ltd. (hereinafter referred to as “Runtao Power”) announced a pre-disclosure of shareholder reduction plans. The company’s shareholder CEL Bravo Limited (hereinafter referred to as “CEL Bravo”) plans to reduce its holdings through centralized bidding and block trades due to its own financial arrangements, totaling no more than 20,703,800 shares, accounting for 2% of the company’s total share capital.

Shareholding and Reduction Plan Details

According to the announcement, as of the date of this notice, CEL Bravo holds 73,299,338 shares of Runtao Power, accounting for 7.08% of the company’s total share capital. The specific shareholding details are as follows:

In this reduction plan, CEL Bravo intends to reduce its holdings through two methods: no more than 10,351,900 shares (1% of total share capital) via centralized bidding, and no more than 10,351,900 shares (1% of total share capital) via block trades, with a total reduction not exceeding 20,703,800 shares. If during the implementation period the company distributes dividends, issues bonus shares, or conducts capital increases, the number of shares to be reduced will be adjusted accordingly.

The reduction period is within three months after 15 trading days from the date of this announcement, i.e., from April 10, 2026, to July 9, 2026. The reduction price range will be determined by CEL Bravo based on market prices and trading methods at that time.

Related Parties and Performance of Commitments

The announcement specifically states that CEL Bravo has related-party relationships with the company’s shareholders FNOF Easynet (HK) Limited, China Everbright Financial Investment Co., Ltd., and Zhao Yong. According to regulatory requirements, the reduction ratio will be calculated on a consolidated basis.

CEL Bravo made a commitment during the company’s initial public offering that, within 12 months of the company’s listing, it would not transfer or entrust others to manage its pre-IPO shares. After the lock-up period, it would reduce holdings at a price not lower than the IPO price (adjusted for dividends and bonuses). The plan was to disclose the reduction plan in advance. As of the date of this announcement, CEL Bravo has fulfilled these commitments, and this reduction is consistent with previous disclosures and intentions, with no violations.

Risk Warning and Impact

Runtao Power states that CEL Bravo will decide whether to implement this reduction plan based on market conditions, the company’s stock price, and other factors. Since CEL Bravo is not a controlling shareholder or actual controller of the company, the implementation of this reduction plan will not lead to a change in control or significantly impact the company’s governance structure or ongoing operations. The company will supervise CEL Bravo to strictly comply with laws and regulations such as the “Regulations on the Reduction of Shares by Shareholders, Directors, Supervisors, and Senior Management of Listed Companies” and fulfill information disclosure obligations in a timely manner.

The specific implementation of this reduction plan will be subject to subsequent company announcements.

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. Any information appearing herein is for reference only and does not constitute personal investment advice. Please refer to actual announcements for accuracy. If you have questions, contact biz@staff.sina.com.cn.

Click to view the original announcement>>

Massive information, precise interpretation, all on Sina Finance App

Editor: Xiaolang Kuaibao