Zhejiang Natural: Controlling shareholder plans to reduce holdings by no more than 2% of the company's shares.
Zhejiang Natural announced that its controlling shareholder, Shanghai Yangda Enterprise Management Co., Ltd., currently holds 75.6 million shares of the company, accounting for 53.65% of the company's total share capital. Due to its own funding needs, Shanghai Yangda plans to reduce its holdings by no more than 2.8182 million shares through block trades during the period from October 26, 2026 to January 25, 2027, accounting for 2% of the company's total share capital, with the reduction price to be determined based on market prices. If during the reduction period the company has share changes such as bonus shares or capitalization of capital reserve into share capital, the number of shares to be reduced will be adjusted accordingly. This reduction will not result in a change in the company's control, and there is uncertainty regarding the implementation of the reduction plan.
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