Zhonggong Education: Shareholder Wang Zhendong intends to reduce his shareholding by no more than 2%.

date
01/12/2025
China Education announced that Wang Zhendong, a shareholder holding 373 million shares, accounting for 6.05% of the shares, plans to reduce his holdings by no more than 123 million shares through block trades from 15 trading days after disclosure to March 22, 2026, to repay the debt of pledged financing and reduce the risk of stock pledge. The shares were acquired through a targeted issuance during a major asset restructuring, and the selling price will be determined based on the market price at that time.