Liaon Technology's Major Shareholder Jiuyi Stable Fund No. 1 Completes Share Reduction Plan with Cumulative Reduction of 2.419 Million Shares

MaticHoleFiller · 2026-03-20T11:40:59+00:00

Liaoshang Technology announced that the share reduction plan of shareholder Jiuyi Stable Fund No. 1 has been completed, with the reduction not exceeding 2.419 million shares, which did not affect the company's control rights. Before and after the reduction, its shareholding decreased from 1.0511% to 0.5256%. The reduction complies with relevant legal regulations, and Liaoshang Technology will continue to pay attention to the implementation of related commitments.

MaticHoleFiller

2026-03-20 11:40:59

Abstract generation in progress

Liangang Technology Co., Ltd. (referred to as “Liangang Technology,” 300603.SZ) recently announced that the share reduction plan of the company’s shareholder Jiuyi Steady Growth No.1 Private Securities Investment Fund (referred to as “Jiuyi Steady No.1 Fund”), which held more than 5%, has been completed. The reduction did not exceed the previously disclosed plan and will not affect the company’s control or ongoing operations.

Details of the Share Reduction Plan

According to the announcement, Jiuyi Steady No.1 Fund disclosed the reduction plan on February 9, 2026, intending to reduce no more than 2,419,000 shares, accounting for 0.5255% of the total share capital (excluding shares held in the repurchase dedicated account), within three months after the announcement through centralized bidding or block trades.

As of the disclosure date, the reduction plan has been fully implemented. The specific reduction details are as follows:

Shareholder Name	Reduction Method	Reduction Period	Average Price (Yuan/share)	Number of Shares Reduced	Reduction Percentage (%)
Jiuyi Steady No.1 Fund	Centralized bidding	From March 12, 2026, until the end of the plan period	10.97	2,418,994	0.5255

Changes in Shareholdings Before and After Reduction

Before this reduction, Jiuyi Steady No.1 Fund held 4,838,161 shares of Liangang Technology, accounting for 1.0511% of the total share capital, all of which were unrestricted shares. After the reduction, its holdings decreased to 2,419,167 shares, representing 0.5256% of the total share capital, still all unrestricted shares.

Shareholder Name	Share Type	Shares Held Before Reduction	Shares Held After Reduction
Jiuyi Steady No.1 Fund	Total shares held	4,838,161	2,419,167
	Of which: Unrestricted shares	4,838,161	2,419,167
	Restricted shares	0	0

Impact on the Company and Compliance Statement

The announcement states that Jiuyi Steady No.1 Fund is not a controlling shareholder or actual controller of Liangang Technology. After the completion of this reduction plan, the company’s control rights remain unchanged, and its governance structure and ongoing operational capacity are unaffected.

Additionally, this reduction strictly complies with the requirements of the Securities Law, the Shenzhen Stock Exchange Growth Enterprise Market Stock Listing Rules, and other relevant laws and regulations. It is consistent with the previously disclosed reduction plan and related commitments, with the actual reduction not exceeding the planned limit. Liangang Technology will continue to monitor the fulfillment of commitments related to Jiuyi Steady No.1 Fund and will fulfill information disclosure obligations in a timely manner as required.

Investors are advised to pay attention to the company’s subsequent announcements and rationally assess investment risks.

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. Any information appearing herein is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. For questions, contact biz@staff.sina.com.cn.

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