M&G Stationery: Shareholders plan to reduce holdings

Shanghai M&G Stationery announced that shareholders Shanghai Keying Investment Management and Shanghai Jiekui Investment Management, along with director Chen Xueling, plan to reduce their holdings. Keying Investment intends to sell up to 4,790,658 shares, representing 0.52% of the total share capital; Jiekui Investment plans to sell up to 4,748,400 shares, also 0.52% of the total share capital; and Chen Xueling intends to sell up to 2,025,000 shares, representing 0.22% of the total share capital. The selling period will commence 15 trading days after the announcement date, running until October 16, 2025, with prices determined by prevailing market conditions. The shareholders cite personal financial needs as the reason for the intended reduction. The company stated that the reduction plans align with relevant regulations and will not impact the company's governance or operations.