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CFMOTO Power major shareholders plan stake reduction

September 18, 2025 at 05:13 PM UTCBy FilingReader AI

Zhejiang CFMOTO Power Co., Ltd. announced that its controlling shareholder, CFMOTO Power Group Co., Ltd., and parties acting in concert—Chongqing CFMOTO Investment Co., Ltd., Lin Axi, and Lai Xuehua—plan to reduce their stakes in the company. The planned divestment is due to personal capital requirements. The reductions will occur through block trades over a three-month period, commencing 15 trading days after the announcement date (October 21, 2025, to January 20, 2026).

CFMOTO Power Group intends to sell up to 2,200,000 shares (1.4419% of total capital), Chongqing CFMOTO Investment up to 600,000 shares (0.3932%), Lin Axi up to 150,000 shares (0.0983%), and Lai Xuehua up to 60,000 shares (0.0393%). Collectively, the total reduction will not exceed 2% of the company's total share capital within any 90-day period.

All shares targeted for reduction were acquired before the company's IPO. The selling price will be determined by market prices at the time of the transaction. The company confirmed that this reduction plan aligns with previous commitments and relevant regulatory requirements, emphasizing that it will not alter the company's control structure.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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