Xinling Electric (301388) shareholder Zhang Pengchun reduces holdings by 111,800 shares, with the ownership stake decreasing to 4.99997%

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On March 12, Xinling Electric Co., Ltd. (Stock Code: 301388, Stock Abbreviation: Xinling Electric) announced that its shareholder, director, and general manager Zhang Pengchun, who owns more than 5% of the shares, completed part of his share reduction through centralized bidding. After the reduction, his shareholding ratio dropped to 4.99997%, no longer qualifying as a shareholder holding over 5%.

Details of the Share Reduction

The announcement shows that Zhang Pengchun reduced 111,800 shares through centralized bidding on March 11, 2026, representing 0.1091% of the company’s total share capital. This reduction is part of his previously disclosed plan, which was pre-disclosed on February 9, 2026, to reduce no more than 1,308,538 shares (1.28% of total share capital) between March 11 and June 10, 2026.

Comparison Before and After Shareholding Change

Before this reduction, Zhang Pengchun held 5,234,153 shares, accounting for 5.10910% of the total share capital. After the reduction, his holdings decreased to 5,122,353 shares, representing 4.99997%, officially exiting the list of shareholders holding over 5%. In terms of share type, all his shares are unrestricted sale shares, with no restricted shares.

Follow-up Arrangements and Impact

The announcement states that this share reduction is a normal shareholder reduction and does not involve a takeover bid. It will not lead to changes in the company’s controlling shareholder or actual controller, nor will it affect the company’s governance structure or ongoing operations. As of now, Zhang Pengchun’s reduction plan has not been fully executed. The company will continue to monitor the implementation and fulfill disclosure obligations in a timely manner.

It is understood that, as a director and general manager of the company, Zhang Pengchun’s reduction strictly complies with the Securities Law, the Administrative Measures for the Acquisition of Listed Companies, and other relevant laws and regulations. His reduction behavior is consistent with previously disclosed intentions, commitments, and plans, and the reduction amount has not exceeded the pre-disclosed scope. The company also disclosed a “Simplified Equity Change Report” on Juchao Information Network on the same day, detailing this equity change.

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

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Editor: Xiao Lang Kuai Bao