Zhejiang University NetNew shareholder NetNew Group reduces stake by 3.1 million shares, bringing holding to 6%

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Zhejiang University NetNew shareholder Zhejiang NetNew Group reduced its stake in the company by 3.1 million shares through centralized bidding between June 17 and August 6, 2026, lowering its shareholding from 6.3% to 6%. The company reported revenue of 694 million yuan and a net loss attributable to the parent of 47.59 million yuan in the first quarter of 2026.

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Shareholder reduced stake by 3.1 million shares, indicating insider selling pressure.

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