Cape Inspection: Shareholders holding more than 5% of the shares and the deputy general manager intend to reduce their shareholding by no more than 3.22%.
Cape Inspection Notice states that the controlling shareholder and chairman Yao Zhiqing, who holds 15.7703% of the shares, plans to reduce his holdings by no more than 3% of the total share capital, or 3.12 million shares, through centralized bidding or bulk trading within 3 months after the disclosure of the announcement. The deputy general manager Song Xia currently holds 0.8624% of the shares, and plans to reduce his holdings by no more than 0.2154% of the total share capital, or 22.4 million shares, through centralized bidding during the same period. The reasons for both parties' reduction of holdings are their own financial needs, and the reduction plan this time complies with relevant regulations and will not result in a change of control of the company.
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