Yao Pi Glass ( 600819 ): The shareholder, China Building Materials (China Fucai), plans to reduce its holdings by no more than 29.3027 million shares, accounting for 3% of the total share capital.

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Shanghai Yao Pi Glass Group Co., Ltd. (hereinafter referred to as “Yao Pi Glass” or “the Company”) announced on April 3, 2026, that the shareholder holding more than 5% of shares, China Composite Materials Group Co., Ltd. (hereinafter referred to as “China Composites”), plans to reduce its holdings in the company within the next three months, with a reduction not exceeding 29.3027 million shares, accounting for 3% of the total share capital.

Core Content of Shareholding and Reduction Plan

The announcement shows that as of the disclosure date of this announcement, China Composites holds 70.2575 million unrestricted circulating shares of Yao Pi Glass, accounting for 7.19% of the company’s total share capital. These shares were obtained before the company’s initial public offering.

According to the reduction plan, China Composites intends to implement the reduction through centralized bidding and block trading within 15 trading days after the release of this announcement and within three months (from April 27, 2026, to July 26, 2026). The reduction via centralized bidding will not exceed 9.7676 million shares (1% of total share capital), and via block trading will not exceed 19.5351 million shares (2% of total share capital). The reduction price will be determined according to the market price.

Regarding the reason for the reduction, China Composites stated that it is “based on its strategic planning and operational development, focusing on the main business of composite materials.”

Review of Past Reduction Activities

The announcement also discloses China Composites’ reduction records over the past 12 months, as follows:

Risk Warning and Impact Explanation

Yao Pi Glass reminds in the announcement that there is uncertainty in the implementation of this reduction plan. China Composites will decide whether and how to implement it based on market conditions, the company’s stock price, and other factors. There is some uncertainty regarding the timing, price, and quantity of the reduction. Meanwhile, the company emphasizes that this reduction will not have a significant impact on the company’s governance structure or ongoing operations, nor will it lead to a change in the company’s control.

China Composites promises that this reduction plan complies with the relevant laws and regulations such as the “Securities Law of the People’s Republic of China,” the “Interim Measures for the Management of Shareholder Reductions of Listed Companies,” and the “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange No. 15—Shareholder and Senior Management Shareholder Reduction,” and will strictly follow the relevant requirements during implementation.

The company states it will continue to monitor the progress of this reduction plan and fulfill its information disclosure obligations as required. Investors are advised to invest rationally and be aware of investment risks.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. 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 questions, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express