Dianzsheng Co., Ltd. pemilik utama Fang Deng berencana mencairkan 130 juta yuan Tahun lalu mencairkan 390 juta yuan

China Economic Net Beijing, March 31. According to the pre-disclosure announcement regarding the reduction of shares by shareholders disclosed last night by Electroacoustic Co., Ltd. (300805.SZ), the company has recently received “Notice Letter on Share Reduction Plans” issued separately by shareholders Wu Fang, Shunchang International Group Development Co., Ltd. (hereinafter referred to as “Shunchang International”), Zhang Li, and Shangruigroup Development Co., Ltd. (abbreviated as “Shangruigroup”).

Wu Fang holds 9,428,400 shares of the company, accounting for 2.22% of the company’s total share capital; Shunchang International holds 7,994,700 shares, accounting for 1.88% of the company’s total share capital. Together, the two hold 17,423,100 shares, accounting for 4.10% of the company’s total share capital. Wu Fang holds 100% of the shares of Shunchang International, and serves as a director of Shunchang International. Wu Fang and Shunchang International are persons acting in concert.

At the same time, Wu Fang is one of the company’s controlling shareholders and the actual controller. Liang Dingjiao, Huang Yong, Wu Fang, Yuan Jintao, and the persons acting in concert hold a total of 214,384,990 shares of the company, accounting for 50.51% of the company’s total share capital.

Wu Fang plans, within three months after 15 trading days from the date the company publishes the pre-disclosure announcement on share reduction, to reduce the company’s shares through block trading. The expected number of shares to be reduced will not exceed 2,357,100 shares, i.e., not more than 0.56% of the company’s total share capital. Shunchang International plans, within three months after 15 trading days from the date the company publishes the pre-disclosure announcement on share reduction, to reduce the company’s shares through block trading. The expected number of shares to be reduced will not exceed 1,998,675 shares, i.e., not more than 0.47% of the company’s total share capital. Wu Fang and Shunchang International are expected to reduce a combined total of no more than 4,355,775 shares, i.e., no more than 1.03% of the company’s total share capital.

Based on the closing price of Electroacoustic Co., Ltd. on March 30 of 10.40 yuan, Wu Fang and Shunchang International are expected to cash out 45.3001 million yuan.

Zhang Li holds 2,284,786 shares of the company, accounting for 0.54% of the company’s total share capital. Shangruigroup holds 19,150,964 shares, accounting for 4.51% of the company’s total share capital. Together, the two hold 21,435,750 shares, accounting for 5.05% of the company’s total share capital. Zhang Li holds 100% of the shares of Shangruigroup, and serves as a director of Shangruigroup. Zhang Li and Shangruigroup are persons acting in concert.

Zhang Li plans, within three months after 15 trading days from the date the company publishes the pre-disclosure announcement on share reduction, to reduce the company’s shares through block trading. The expected number of shares to be reduced will not exceed 2,284,786 shares, i.e., not more than 0.54% of the company’s total share capital. Shangruigroup plans, within three months after 15 trading days from the date the company publishes the pre-disclosure announcement on share reduction, to reduce the company’s shares through block trading. The expected number of shares to be reduced will not exceed 6,204,057 shares, i.e., not more than 1.46% of the company’s total share capital. Zhang Li and Shangruigroup are expected to reduce a combined total of no more than 8,488,843 shares, i.e., no more than 2.00% of the company’s total share capital.

Based on the closing price of Electroacoustic Co., Ltd. on March 30 of 10.40 yuan, Zhang Li and Shangruigroup are expected to cash out 88.2840 million yuan.

Wu Fang and Shunchang International, and Zhang Li and Shangruigroup, are planning to jointly cash out a total of 134 million yuan in this round.

The annual report for 2024 of Electroacoustic Co., Ltd. shows that on October 18, 2024, six natural persons, namely the company’s controlling shareholder and actual controller Liang Dingjiao, Huang Yong, Wu Fang, Yuan Jintao, Zhang Li, and Zeng Jun, signed the “Supplementary Agreement to the Agreement on Acting in Concert.” Zhang Li and Zeng Jun withdrew from acting in concert; after that, the controlling shareholder and actual controller changed to four natural persons: Liang Dingjiao, Huang Yong, Wu Fang, and Yuan Jintao.

From January 22, 2026 to January 30, 2026, Zhang Li reduced Electroacoustic Co., Ltd. shares by 4,195,214 shares through block trading, with an average selling price of 11.43 yuan per share. Based on this, the expected cash out amount is 47.9513 million yuan.

From January 29, 2026 to January 30, 2026, Shangruigroup reduced Electroacoustic Co., Ltd. shares by 2,796,500 shares through block trading, with an average selling price of 11.94 yuan per share. Based on this, the expected cash out amount is 33.3902 million yuan.

On September 9, 2025, Shangruigroup reduced Electroacoustic Co., Ltd. shares by 4,242,536 shares through block trading, with an average selling price of 10.32 yuan per share. Based on this, the expected cash out amount is 43.7830 million yuan.

The “Prompt Announcement Regarding the Inquiry Transfer Results Report and the Trigger of Changes in Shareholder Equity due to Multiples of 5% Integers” disclosed by Electroacoustic Co., Ltd. on September 30, 2025 shows that, as of the date of disclosure of the announcement, the inquiry transfer plan has been fully implemented. The number of shares actually transferred by the transferor is 20,436,300 shares; the inquiry transfer price is 9.51 yuan per share; the transaction amount is 194,349,213.00 yuan. The transferors in this inquiry transfer are Huang Yong, Wu Fang, Yuan Jintao, Jinjin International, Shunchang International, and Tianyun International. According to the “Agreement on Acting in Concert” signed on December 18, 2014 and the “Supplementary Agreement to the Agreement on Acting in Concert” signed on October 18, 2024, the four natural persons Liang Dingjiao, Huang Yong, Wu Fang, and Yuan Jintao are persons acting in concert, and are the company’s controlling shareholders and actual controllers. At the same time, Liang Dingjiao serves as a director at Tianfu International and holds 100% equity in Tianfu International; Huang Yong serves as a director at Jinjin International and holds 100% equity in Jinjin International; Wu Fang serves as a director at Shunchang International and holds 100% equity in Shunchang International; Yuan Jintao serves as a director at Tianyun International and holds 100% equity in Tianyun International. In addition, Liang Dingjiao serves as an ordinary partner and an executive affairs partner for Hainan Tindian, Hainan Boshu, Hainan Jinchuang, and Hainan Shangyue. Therefore, Hainan Tindian, Hainan Boshu, Hainan Jinchuang, Hainan Shangyue, Tianfu International, Jinjin International, Shunchang International, and Tianyun International are persons acting in concert, who are one of the company’s controlling shareholders and actual controllers.

Electroacoustic Co., Ltd. disclosed on September 5, 2025 the “Announcement on the Completion of the Implementation of the Reduction Plan by Persons Acting in Concert of the Company’s Controlling Shareholder and Actual Controller.” During the period from August 11, 2025 to September 1, 2025, shareholders Hainan Shangyue, Hainan Jinchuang, and Hainan Boshu reduced the company’s shares in total by 7,264,329 shares through block trading. The reduction quantity accounted for 1.7123% of the company’s total share capital. This share reduction plan has been fully implemented. Among them, Hainan Shangyue reduced 3,040,200 shares through block trading during the reduction period, with an average selling price of 10.22 yuan; Hainan Jinchuang reduced 2,506,860 shares through block trading during the reduction period, with an average selling price of 10.21 yuan; Hainan Boshu reduced 1,717,269 shares through block trading during the reduction period, with an average selling price of 10.21 yuan. Based on the average selling price, the total cash-out amount is approximately 74,199,201.09 yuan.

Based on this, since last September, the company’s actual controller(s), and Zhang Li and Shangruigroup have jointly cashed out a total of 394 million yuan.

(Editor: Cai Qing)