Lio Group has completed part of its director's reduction plan, with a total reduction of 6.7659 million shares.
On June 13, 2025, Lio Corporation disclosed a partial reduction plan for some directors. Director Zhang Xubo and 5 others plan to reduce their holdings by up to 6.7699 million shares. The company recently announced that as of September 24, the reduction plan has been completed. The reduction period was from July 7 to September 23, and all reductions were made through centralized bidding, with a total reduction of 6.759 million shares, accounting for 0.10% of the total share capital after excluding shares held in the repurchase special account. After the reduction, the shareholding ratios of the relevant individuals have all decreased. This reduction complies with regulations, does not involve the controlling shareholder or the actual controller, will not lead to changes in control rights or affect the company's operation. The implementation is consistent with the pre-disclosure.
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