Ningbo Yongxin Optics major shareholder plans to reduce stake

Ningbo Yongxin Optics (SSE:603297) announced that Ningxing (Ningbo) Asset Management, currently holding 10.614% of the company's shares (11,797,478 shares), plans to decrease its stake. The reduction will involve a maximum of 1,111,505 shares, representing 1% of the total share capital. The shares will be sold via block trade and through centralized bidding via the stock exchange. The reduction period will run from March 18, 2025, to June 18, 2025. Ningxing Asset cited its own capital needs as the reason for the planned reduction. The major shareholder has committed to adhering to relevant laws and regulations during the stake reduction.