Zhongchen Co., Ltd.: Controlling shareholder Zhongchen Holdings completes a 2.69% reduction in holdings

2026-03-29 16:55:21

Zhongchen Co., Ltd. announced that its controlling shareholder, Zhongchen Holdings, has completed its reduction plan. From December 17, 2025, to March 16, 2026, it has cumulatively reduced its holdings by 14.7158 million shares through centralized bidding and block trades, accounting for 2.69% of the company’s total share capital, without exceeding the planned upper limit of 16.4127 million shares or 3.00%. On March 16, 2026, it reduced its holdings by 9.802 million shares, accounting for 1.79%. After this change in equity, its shareholding has decreased to 209 million shares, accounting for 38.21%, reaching a whole number multiple of 1%; it has not triggered a tender offer, and the controlling rights remain unchanged.

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