Zhongfu Industry shareholder plans to reduce stake

Henan Zhongfu Industry (SSE: 600595) announced that shareholder Henan Yi Cheng Venture Capital Group, currently holding 6.74% of the company's shares (270,390,935 shares), intends to reduce its stake through block trading. The planned reduction will not exceed 80 million shares, representing 2% of the company's total share capital. The reduction is scheduled to occur within a three-month period, starting 15 trading days after this announcement, and ending on June 19, 2025. Yi Cheng Venture Capital's decision is based on its own business development needs, and the company noted that the actual implementation, quantity, and pricing are subject to market conditions and regulatory factors. Yi Cheng Venture Capital has promised not to transfer its stock obtained to repay creditors for a period of one year.