Yibin Paper shareholder's stake dips below 1% threshold

Yibin Paper Industry (SSE:600793) announced that Shudao Investment Group reduced its stake in the company by 1,675,300 shares, representing 0.95% of total shares, between January 21, 2025, and February 20, 2025. This activity resulted in Shudao Investment Group’s ownership decreasing from 13.90% to 12.96%. The shares were sold through centralized competitive trading. The announcement clarifies that this equity change will not impact Yibin Paper's controlling shareholder or ultimate controlling party. Shudao Investment Group's shares stemmed from participation in a previous non-public offering. The disposal complies with relevant securities regulations and doesn't require advance disclosure of a reduction plan.