Shandong Taihe Technology controlling shareholder and concerted action person Cheng Xia plans to reduce holdings of no more than 1 million shares, accounting for 0.458% of total share capital.

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March 16, Shandong Taihe Technology Co., Ltd. (hereinafter referred to as “Shandong Taihe Technology”) announced that the company’s controlling shareholder and actual controller’s concerted actor, Ms. Cheng Xia, plans to reduce her holdings of the company’s shares, with a reduction not exceeding 1,000,000 shares, accounting for 0.458% of the total share capital.

Key Points of the Reduction Plan

According to the announcement, Ms. Cheng Xia’s reason for the reduction is personal funding needs. The shares she holds come from shares held before the company’s initial public offering and shares obtained through rights distribution and transfer.

Shareholder Holdings and Background

The announcement shows that as of now, Ms. Cheng Xia holds 2,721,600 shares of Shandong Taihe Technology, accounting for about 1.25% of the total share capital; excluding 3,125,900 shares in the company’s repurchase dedicated securities account as of March 10, 2026, her holding ratio is approximately 1.26%.

Ms. Cheng Xia is a concerted actor of Mr. Cheng Zhongfa, the company’s controlling shareholder and actual controller, but does not belong to the company’s controlling shareholder or actual controller. The announcement emphasizes that the implementation of this reduction plan will not lead to a change in the company’s control or have a significant impact on corporate governance and ongoing operations.

Impact on the Company and Risk Reminder

Shandong Taihe Technology stated in the announcement that Ms. Cheng Xia will decide whether to implement this reduction plan based on market conditions, the company’s stock price, and other factors. Therefore, the plan has uncertainties regarding the timing, quantity, and price of the reduction, as well as whether it will be completed as scheduled. The company will disclose progress as required, and investors are advised to be aware of investment risks.

Additionally, the announcement clarifies that Ms. Cheng Xia’s reduction does not violate previous commitments. She previously promised in documents related to the company’s initial public offering that she would not transfer or entrust others to manage her shares within 36 months of the stock listing, and that her reduction price after the lock-up period would not be lower than the issuance price (adjusted for dividends and splits). As of the date of this announcement, all such commitments have been strictly followed.

Shandong Taihe Technology stated that during the implementation of this reduction plan, the company’s board of directors will supervise Ms. Cheng Xia to strictly comply with the “Interim Measures for the Management of Shareholders’ Reduction of Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 18—Shareholders, Directors, and Senior Management’s Share Reduction,” and other laws and regulations, and will fulfill information disclosure obligations in a timely manner.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Kuai Bao