Major Yongxin Optics shareholder to reduce stake by 1%

Ningbo Yongxin Optics Company Limited has announced that its major shareholder, Ningbo Yongxing Asset Management Co., Ltd. (Ningxing Asset), plans to reduce its stake in the company. Ningxing Asset, which currently holds 11,713,378 shares, representing 10.559% of the total share capital, intends to divest up to 1,109,367 shares. This reduction accounts for approximately 1% of the company's total share capital.

The planned share reduction will be executed through both centralized bidding and block trading mechanisms. The divestment period is scheduled to commence 15 trading days after the announcement date and will span three months, from October 9, 2025, to January 9, 2026. The shares to be sold originated from pre-IPO issuances and shares acquired through capital reserve transfers post-listing. Ningxing Asset stated that the primary reason for this share reduction is for its own capital needs.

Ningxing Asset had previously committed to not reducing its shares for 12 months post-listing and, for two years thereafter, to limit annual reductions to no more than 5% of the total share capital, with prices not falling below the initial public offering price. This planned reduction aligns with the previously disclosed commitments. The company notes that the actual implementation, quantity, and price of the reduction remain uncertain and depend on market conditions and the shareholder's funding requirements.