Quzhou Dongfeng New Materials' four shareholders plan to collectively reduce their holdings by no more than 15,597,800 shares, accounting for 0.81% of the total share capital.

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On March 21, Quzhou Dongfeng New Materials Group Co., Ltd. (hereinafter referred to as “Quzhou Dongfeng New Materials”) announced a share reduction plan by its shareholders. The company’s four shareholders, Huang Xiaojia, Chen Yujian, Zeng Qingming, and Zeng Qingtong, plan to reduce their holdings by a total of no more than 15,597,800 shares through centralized bidding, accounting for 0.81% of the company’s total share capital. The reason for the reduction is to meet asset management and investment needs.

Share Reduction Entities and Shareholding Background

The announcement indicates that Huang Xiaojia, Chen Yujian, Zeng Qingming, and Zeng Qingtong are all concerted actors of Hong Kong Dongfeng Investment Group Co., Ltd., which holds more than 5% of the company’s shares. As of the announcement date, the specific shareholding situation of the four shareholders is as follows:

Huang Xiaojia directly holds 21,171,639 shares of the company’s unrestricted circulating shares, accounting for 1.10%, with shares sourced from centralized bidding transactions and stock dividends, capital reserve transfers; Chen Yujian directly holds 5,765,962 shares, accounting for 0.30%, with shares sourced from block trades and stock dividends, capital reserve transfers; Zeng Qingming directly holds 2,882,981 shares, accounting for 0.15%, with shares sourced from block trades and stock dividends, capital reserve transfers; Zeng Qingtong directly holds 1,656,000 shares, accounting for 0.09%, with shares sourced from block trades and stock dividends, capital reserve transfers.

According to the announcement, Hong Kong Dongfeng Investment Group Co., Ltd. holds 310,604,420 shares of the company, accounting for 16.14% of the total share capital. It forms a concerted action relationship with Dongjie Holdings Co., Ltd., Huang Xiaojia, Huang Bingquan, Chen Yujian, Zeng Qingming, and Zeng Qingtong, with a total shareholding of 414,127,902 shares, accounting for 21.52% of the total share capital. This reduction will not result in a change of control of the company.

Specifics of the Reduction Plan

According to the announcement, the four shareholders plan to reduce their holdings within three months after 15 trading days from the date of this announcement (i.e., from April 14, 2026, to July 13, 2026) through centralized bidding on the Shanghai Stock Exchange. The specific reduction plan is as follows:

The announcement states that if there are changes in shares during the reduction plan period, such as stock dividends, capital reserve transfers, or additional share issuance, the above reduction quantities will be adjusted accordingly.

Risk Warning and Market Impact

Quzhou Dongfeng New Materials reminds in the announcement that this reduction plan carries uncertainties, and shareholders will decide whether to implement or partially implement it based on their circumstances, market conditions, and the company’s stock price situation. This reduction plan complies with the “Securities Law,” “Interim Measures for the Management of Shareholder Share Reductions in Listed Companies,” and other relevant laws and regulations. The company will continue to monitor the implementation of the reduction plan and fulfill its information disclosure obligations in a timely manner.

Market analysts indicate that the total reduction ratio of the four shareholders is 0.81%, which is relatively limited in scale, and since it is a financial reduction, it is expected to have a minor impact on the company’s fundamentals and long-term development. Investors may pay attention to the subsequent progress of the reduction and changes in the company’s operating situation.

The board of directors of Quzhou Dongfeng New Materials emphasizes that this reduction plan is consistent with the commitments previously disclosed by the shareholders and does not violate relevant regulatory provisions.

Disclaimer: The market has risks, and investment needs caution. This article is automatically published by an AI model based on third-party databases and does not represent the views of Sina Finance. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have any questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Quick Report