Changling Hydraulic announced that director and general manager Xia Zemin and his concerted party, Jiangyin Lanhai Haolong Enterprise Management Partnership, plan to collectively reduce their holdings by no more than 5.609681 million shares, representing up to 3.0% of the company's total share capital. Xia Zemin intends to sell up to 2.430242 million shares, or 1.30% of total shares, between September 1 and November 30, 2026. Lanhai Haolong, an employee stock ownership platform established before the company's initial public offering, plans to reduce its stake by up to 3.179439 million shares, or 1.70% of total shares, through centralized bidding during the same period, with Xia Zemin reducing 1.959731 million shares via this platform. Lanhai Haolong is a concerted party of Xia Zemin and company shareholder Xia Jifa, who is Xia Zemin's father. As of the announcement date, Xia Zemin holds 38.222703 million shares, or 20.44% of total shares, and Lanhai Haolong holds 4.111353 million shares, or 2.20%.
Jiangsu Changling Hydraulic Co. LtdInsiders plan to sell up to 3% of shares, signaling potential overvaluation and supply overhang.
