Zhejiang Huazheng New Materials' four senior executives plan to reduce their holdings by a total of no more than 540,800 shares, accounting for 0.3449% of the total share capital.

Log in to the Sina Finance APP and search for 【Disclosure】 to see more evaluation levels.

On March 28, Zhejiang Huazheng New Material Co., Ltd. (hereinafter referred to as “Huazheng New Materials”) announced a share reduction plan for its directors and senior management. The company’s chairman Liu Tao, director and general manager Guo Jiangcheng, deputy general manager and CFO Yu Gao, and deputy general manager Wang Chao plan to collectively reduce their holdings by no more than 540,800 shares, accounting for 0.3449% of the company’s total share capital.

Reducing Shareholders and Shareholding Situation

The announcement shows that as of the disclosure date, the shareholding situation of the four executives is as follows:

• Chairman Liu Tao holds 914,046 shares, accounting for 0.58% of the total share capital, with shares obtained before the IPO;
• Director and general manager Guo Jiangcheng holds 1,177,481 shares, accounting for 0.75% of the total share capital, with shares obtained before the IPO;
• Deputy general manager and CFO Yu Gao holds 30,900 shares, accounting for 0.02% of the total share capital, with shares obtained through equity incentives;
• Deputy general manager Wang Chao holds 41,200 shares, accounting for 0.03% of the total share capital, with shares obtained through equity incentives.

Specific Content of the Reduction Plan

The four executives plan to reduce their shares via a centralized bidding method within three months starting from the fifteenth trading day after the announcement of this reduction plan (i.e., from April 21, 2026, to July 20, 2026), with the reason for the reduction being “personal funding needs.” The specific reduction arrangements are as follows:

Risk Warning

The announcement points out that this reduction plan is independently decided by the relevant shareholders based on their own funding needs, and during the reduction period, they will choose whether and how to implement it based on market conditions, the company’s stock price, and other factors, with uncertainties regarding the timing, quantity, and price of the reduction. Additionally, the implementation of this reduction plan will not lead to changes in the company’s control.

Huazheng New Materials stated that it will urge the relevant reducing parties to strictly comply with the relevant laws and regulations regarding the reduction of shares by shareholders, directors, and senior management, and to fulfill their information disclosure obligations in a timely manner. This share reduction plan complies with the requirements of the Company Law, Securities Law, and other relevant laws and regulations, and there are no circumstances that would prohibit the reduction of shares.

Disclaimer: The market has risks; investment requires caution. This article is automatically published by an AI model based on third-party databases and does not represent the views of Sina Finance. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. For inquiries, please contact biz@staff.sina.com.cn.

Click to view the original announcement>>

Massive information and precise interpretation are available on the Sina Finance APP.

Editor: Xiao Lang Kuai Bao