Chenxi Aviation Controlling Shareholder Share Reduction Plan Expires; Cumulative Share Reduction of 2.99%

Xi’an Chenxi Aviation Technology Co., Ltd. (hereinafter referred to as “Chenxi Aviation”) announced on March 17, 2026, that the company’s controlling shareholder, Xi’an Huiju Technology Co., Ltd. (hereinafter referred to as “Huiju Technology”), has completed its planned share reduction. From December 17, 2025, to March 13, 2026, Huiju Technology reduced a total of 16,438,437 shares through centralized bidding and block trades, accounting for 2.9882% of the company’s total share capital, without exceeding the original planned limit.

Implementation of the Share Reduction Plan

The announcement shows that Huiju Technology’s original plan was to reduce no more than 1% of the total share capital via centralized bidding within three months after disclosing the reduction plan on November 25, 2025, and no more than 2% via block trades. In practice, it nearly reached these limits through both methods.

Note: The shares reduced include those held before the company’s initial public offering and transferred after listing. Due to rounding, there may be discrepancies between sub-item totals and the overall total.

Shareholding Changes Before and After the Reduction

Before the reduction, Huiju Technology held 218,491,715 shares, accounting for 39.72% of the total share capital; its concerted action partner, Xi’an Huanyu Star Control Technology Co., Ltd. (hereinafter “Huanyu Star Control”), held 61,067,952 shares, representing 11.10%. Together, they held 50.82%.

After the reduction, Huiju Technology’s holdings decreased to 202,053,278 shares, representing 36.73%; Huanyu Star Control’s holdings remained unchanged, and their combined shareholding ratio dropped to 47.83%.

Impact on Corporate Governance and Control

Chenxi Aviation emphasized in the announcement that the implementation of this share reduction plan complies with relevant laws, regulations, and the company’s articles of association, and is consistent with the previously disclosed intention. There is no breach of commitments. Although Huiju Technology’s shareholding ratio has decreased, it remains the controlling shareholder, and the actual controller, Wu Jian, retains control. The company’s governance structure and ongoing operations will not be affected.

Investors are advised to make rational investment decisions. Relevant documents include Huiju Technology’s “Notice of the Expiration of the Share Reduction Plan.”

Disclaimer: The market involves 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. All information herein is for reference only and does not constitute personal investment advice. For discrepancies, please refer to the actual announcement. If you have questions, contact biz@staff.sina.com.cn.

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