Ankno Smart Electric's actual controller plans to cash out 180 million yuan; his brother has cashed out 70 million yuan in the past six months.

China Economic Net, Beijing, April 3 (China Economic Net)—AnKao Zhizhi Electric (300617.SZ) yesterday disclosed an announcement stating that the company has recently received notices of its shareholder reduction plan issued by its actual controller, Chairman and General Manager Chen Xiaoling, and by Director Wang Chunmei.

Chen Xiaoling, the company’s actual controller, Chairman and General Manager, holds 35,637,420 shares of the company (representing 21.51% of the company’s total share capital). She plans to reduce the company’s shares by no more than 3,314,100 shares (representing 2% of the company’s total share capital) within 3 months after the 15th trading day from the date of disclosure of the announcement, by way of block trading and centralized bidding.

Director Wang Chunmei holds 74,500 shares of the company (representing 0.04% of the company’s total share capital). She plans to reduce the company’s shares by no more than 18,600 shares (representing 0.01% of the company’s total share capital) within 3 months after the 15th trading day from the date of disclosure of the announcement, by way of centralized bidding.

Based on AnKao Zhizhi Electric’s closing price of 54.53 yuan on April 2, Chen Xiaoling’s cash proceeds are approximately 181 million yuan, and Wang Chunmei’s cash proceeds are approximately 1.0143 million yuan.

AnKao Zhizhi Electric said that the implementation of this share reduction plan will not result in any change in the company’s control, and will not affect the company’s corporate governance structure or its ongoing operations.

On January 20, 2026, an announcement disclosed by AnKao Zhizhi Electric shows that the company’s shareholder and actual controller Chen Xiaohui, through centralized bidding, cumulatively reduced the company’s shares by 1,633,300 shares, representing 0.99% of the company’s total share capital. The current share reduction plan still has 23,776 shares remaining to be completed, and Chen Xiaohui has decided to terminate this share reduction plan. Based on a reduction average price of 45.00 yuan, Chen Xiaohui’s cash proceeds are approximately 73.4985 million yuan.

AnKao Zhizhi Electric’s 2024 annual report shows that the company’s actual controllers are Chen Xiaohui, Chen Xiaoling, and Chen Xiaoming, who are brothers.

With approval from the China Securities Regulatory Commission (CSRC License [2021] No. 66), the company issued 38,803,081 shares of Renminbi-denominated ordinary shares (A shares) to specific targets, with a par value of RMB 1.00 per share. The issue price was 38.18 yuan per share. The total proceeds from the fund-raising amounted to RMB 1,481,501,632.58, and after deducting relevant issuance expenses of RMB 17,064,052.22 (excluding value-added tax), the actual net proceeds from the fund-raising were RMB 1,464,437,580.36. On June 21, 2021, Guotai Junan Securities Co., Ltd. (hereinafter referred to as “Guotai Junan”) remitted, respectively, the balance after deducting the underwriting sponsorship fee of RMB 14,815,016.33 (including tax)—i.e., RMB 1,466,686,616.25—into the company’s designated raised funds account. The fund-raising proceeds arriving on time were verified by Tianheng Certified Public Accountants (Special General Partnership), which issued the Tianheng Capital Verification No. (2021) 00067 “Capital Verification Report.”

(Editor: Guan Jing)

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