Jiecang Linear Motion shareholders to significantly reduce stakes

Zhejiang Jiecang Linear Motion Technology Co., Ltd. has announced plans for key shareholders to reduce their holdings. Xinshang County Zhongsheng Investment Co., Ltd., a controlling shareholder, intends to reduce its stake by up to 6,132,250 shares, representing 1.60% of the total share capital, via block trading.

Concurrently, Wu Dizeng, a director and deputy general manager, plans to sell up to 300,000 shares, or 0.08% of the total share capital, through concentrated bidding. Both reductions are slated to occur between September 30, 2025, and December 29, 2025, with prices determined by market conditions. The shares involved originate from pre-IPO holdings and capital reserve transfers after listing, with the stated reason for the sales being capital requirements.

The company emphasizes that these actions comply with relevant regulations, including those from the China Securities Regulatory Commission and the Shanghai Stock Exchange. Jiecang Linear Motion will ensure strict adherence to disclosure obligations throughout the reduction period.