Sanmei Group: Controlling shareholder and its concerted action parties have reduced their shareholdings leading to a change in equity exceeding 5%
Sanmei Holdings announced that on February 12, 2026, the controlling shareholder Hu Rongda reduced his holdings by a total of 3.659331 million shares through block trading, accounting for 0.60% of the total share capital. After the reduction, the combined shareholding percentage of Hu Rongda and his concerted action parties Hu Qixiang and Wuyi Sanmei Investment Co., Ltd. decreased from 60.60% to 60.00%, triggering a change in equity exceeding the 5% threshold. This reduction is part of a previously planned action, which has not been completely implemented, and will not result in any changes to the controlling shareholder or actual controller, nor will it affect corporate governance and operations.
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