Sanwei Holding shareholder increases stake, triggers 1% disclosure

Zhejiang Sanwei Rubber Item (SSE:603033) announced that shareholder Wu Shankuo increased his holdings in the company as part of a previously announced plan to increase shareholdings. Wu acquired 1,522,000 shares via centralized bidding on May 23, 2025, increasing his stake by 0.148% and corresponding to CNY 1,700,000 in value. Following the transaction, Wu Shankuo and his concert party now hold 17,705,9588 shares, representing 17.171% of the company's total share capital. The increase aligns with Wu's continued confidence in Sanwei's long-term investment value. While the increase has occurred, the company cautions investors about potential risks impacting the plan's full execution, including market volatility or funding availability.