Harmony and stability: controlling shareholders, actual controllers, and some directors and senior executives plan to reduce their holdings.
Notice from Hetai Group: The company's controlling shareholder, actual controller, chairman, and CEO Liu Jianwei plan to reduce their holdings by no more than 18,426,671 shares, representing no more than 2.0000% of the company's current total share capital excluding the number of shares in the repurchase special account. In addition, directors and CEO Qin Hongwu, director and senior vice president Luo Shanshan, director Liu Ming, and supervisor Zuo Qin also plan to reduce their respective holdings of the company's shares by a total of no more than 460,263 shares, representing no more than 0.0500% of the company's current total share capital excluding the number of shares in the repurchase special account. The reason for the reduction includes repaying pledged debt and personal fund needs. The reduction will be conducted through block trades or centralized bidding transactions, and the reduction period will be within three months after 15 trading days after the announcement disclosure date.
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