Jiangxi Huangshanghuang Group Food Co., Ltd. announced that Xinyu Huangshanghuang Investment Management Center, a concert party of the controlling shareholder, plans to reduce its stake by no more than 16.786 million shares, or up to 3% of the company's total share capital, within three months starting 15 trading days after the announcement, due to its own capital needs. The reduction will be carried out through block trades and centralized bidding, with block trades accounting for no more than 2% and centralized bidding no more than 1%. Xinyu Huangshanghuang currently holds 94.221654 million shares, representing 16.84% of the total share capital. This reduction does not involve a change of control and will not affect corporate governance or ongoing operations. However, the reduction plan is subject to uncertainty and will be implemented based on market conditions.
Jiangxi Huangshanghuang Group Food Co LtdControlling shareholder's concert party plans to reduce stake by up to 3%, indicating potential selling pressure.
