Zhejiang Jinsheng New Materials Co., Ltd. announced that the share reduction plan implementation period for shareholder Ningbo Liyi Venture Capital Center, which holds more than 5% of the shares, has expired. Ningbo Liyi did not reduce its holdings in the company through any means during the plan period. Ningbo Liyi originally planned to reduce its holdings by no more than 3,000,000 shares, representing 2.00% of the total share capital, within three months starting from 15 trading days after the disclosure of the pre-disclosure announcement on March 30, 2026. Before the reduction, it held 22,125,000 shares, representing 14.75% of the total share capital. As of the announcement date, Ningbo Liyi still holds 22,125,000 shares, representing 14.75% of the total share capital, and it is not a controlling shareholder or actual controller of the company. This non-reduction will not lead to a change in the company's control.
Zhejiang Jinsheng New Materials CoShareholder's planned reduction expired without any sale, removing overhang.