Shanhe Intelligent shareholder He Qinghua plans to reduce holdings by no more than 1%, with the shareholding ratio decreasing to 6.03%

Log in to the Sina Finance APP and search for [Information Disclosure] to see more evaluation levels.

On March 21, 2026, Shanhe Intelligent Equipment Co., Ltd. (hereinafter referred to as “Shanhe Intelligent”) announced that Mr. He Qinghua, a shareholder holding more than 5% of the company’s shares, plans to reduce his holdings in the company through centralized bidding in the next three months, with a reduction of no more than 10,746,200 shares, accounting for 1% of the company’s total share capital.

Core Details of the Reduction Plan

According to the announcement, He Qinghua’s reduction plan will start 15 trading days after the disclosure of this announcement, specifically from April 14, 2026, to July 13, 2026 (excluding periods during which the China Securities Regulatory Commission and Shenzhen Stock Exchange prohibit reductions). The reduction will be conducted through centralized bidding, and the reduction price will be determined based on the market price at that time.

It is worth noting that if there are any changes in the company’s share capital during the implementation of the reduction plan, such as the distribution of dividends, bonus shares, or capital increases, the number of shares to be reduced by He Qinghua will be adjusted accordingly. The announcement also emphasizes that He Qinghua will decide whether to implement the reduction and the specific number of shares to be reduced based on market conditions, the company’s stock price, and other factors, making this reduction plan uncertain.

Shareholder Holdings and Source of Shares

As the controlling shareholder and actual controller at the time of Shanhe Intelligent’s initial public offering, He Qinghua currently holds 75,513,526 shares of the company, accounting for 7.03% of the total share capital. As of the announcement date, he does not serve as a director or senior management of the company.

The announcement shows that the shares He Qinghua intends to reduce come from two parts: one is shares acquired through block trading, and the other is shares obtained from participating in the company’s private placement of stocks. Historical commitments indicate that he has made commitments regarding share lock-up during the company’s 2006 IPO, share changes in 2008, and private placement in 2017. Currently, these commitments have been fulfilled, and this reduction does not violate any commitments.

Risk Warning and Impact Analysis

Shanhe Intelligent cautions in the announcement that this reduction plan will not have a significant impact on the company’s governance structure and ongoing operations, nor will it lead to a change in control of the company. According to the disclosure, He Qinghua is currently neither the controlling shareholder, actual controller, nor the largest shareholder of the company, and his shareholding ratio will drop to 6.03% after the reduction, still qualifying as a shareholder holding more than 5%.

The company’s board of directors stated that it will continue to urge He Qinghua to strictly comply with relevant laws and regulations regarding reductions and to fulfill information disclosure obligations in a timely manner. Market analysts pointed out that the shareholder reduction plan may exert some pressure on short-term stock prices, but the medium- to long-term impact still needs to be assessed in conjunction with the company’s fundamentals and industry environment.

As of the announcement date, He Qinghua is not in any situation that prohibits reductions as specified in the Shenzhen Stock Exchange’s “Self-Regulatory Guidelines for Listed Companies No. 18—Shareholder and Director, Senior Management Share Reduction.” This reduction plan complies with regulatory requirements.

Statement: The market is risky; investors should be cautious. This article is automatically published by an AI large 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. If you have any questions, please contact biz@staff.sina.com.cn.

Click to view the original announcement>>

Massive information, accurate interpretation, all in the Sina Finance APP.

Editor: Xiao Lang Fast Report