Chongqing Qianli shareholder to offload significant stake to attract new investors

Chongqing Qianli Technology Co., Ltd. announced today that its major shareholder, Chongqing Jianghehui Enterprise Management Co., Ltd. (Jianghehui), intends to reduce its stake in the company. Jianghehui, which currently holds 900,000,000 shares, representing 19.91% of the total share capital, plans to divest up to 90,422,002 shares. This reduction accounts for approximately 2% of the company's total share capital.

The shares will be sold via block trades to potential high-quality investors. The reduction plan is scheduled to commence 15 trading days after this announcement and will be implemented over a three-month period, specifically from December 8, 2025, to March 7, 2026. Jianghehui has confirmed it will not utilize centralized bidding for this divestment.

The shareholder acquired these shares as part of the restructuring plan of Lifan Industry (Group) Co., Ltd. The move is described as an autonomous decision by Jianghehui to attract strategic investors and is not expected to impact the company’s governance or operations.