Xianheng International's shareholder reduction plan has been completed, totaling a reduction of 12.28 million shares, accounting for 3% of the total share capital.

On April 3rd, Xiangheng International Technology Co., Ltd. (hereinafter referred to as “Xiangheng International”) announced that the share reduction plans of the company’s shareholders, Hangzhou Xianing Investment Partnership (Limited Partnership) (hereinafter “Xianing”), Hangzhou Wanning Investment Partnership (Limited Partnership) (hereinafter “Wanning”), and three other limited partnerships (collectively “Limited Partnerships”), have been completed. This time, a total of 12.2813 million shares were reduced, accounting for 3% of the company’s total share capital. After the reduction, the relevant shareholders and their concerted parties still hold a total of 53.53% of the shares, maintaining their controlling position.

Implementation of the Share Reduction Plan

The announcement shows that the Limited Partnerships disclosed the reduction plan on February 6, 2026, proposing to reduce no more than 12.2818 million shares (3% of total share capital) through centralized bidding and block trades. As of April 2, 2026, the plan has been fully implemented, with an actual reduction of 12.2813 million shares, which is basically consistent with the planned reduction amount.

Specifically, the reduction methods and amounts for each partnership are as follows:

Looking at the reduction prices and amounts, Wanning, Dening, and Yining disclosed specific data: Wanning’s reduction price range is 21.36-25.77 yuan per share, with a total amount of 64.9633 million yuan; Dening’s reduction price range is 21.36-25.77 yuan per share, totaling 38.8064 million yuan; Yining’s reduction price range is 21.56-25.77 yuan per share, totaling 25.2007 million yuan.

Shareholding Changes Before and After the Reduction

Before this reduction, the Limited Partnerships and their concerted party Hangzhou Xingrun Investment Co., Ltd., and Mr. Wang Laixing held a total of 231 million shares, accounting for 56.53% of the total share capital. After the reduction, these shareholders’ holdings decreased to 219 million shares, accounting for 53.53%, still serving as the company’s controlling shareholders and concerted parties.

The specific shareholding changes for each partnership are as follows:

Compliance Statement

The announcement emphasizes that this share reduction strictly complies with the “Securities Law,” “Shanghai Stock Exchange Sci-Tech Innovation Board Stock Listing Rules,” and other relevant laws, regulations, and business rules. The actual reduction is consistent with the previously disclosed reduction plan and commitments, with no violations of the reduction plan or other commitments.

Xiangheng International states that this share reduction by shareholders is a normal behavior driven by their own capital needs and will not have a significant impact on the company’s governance structure or ongoing operations. The company will continue to focus on core business development and enhance its competitive strength.

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. All information 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, please contact biz@staff.sina.com.cn.

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责任编辑：Xiaolang Kuaibao