Neway Valve shareholder plans to reduce stake by up to 1%

Neway Valve (Suzhou) Co., Ltd. announced that shareholder Xi Chao plans to reduce his holdings by up to 7,755,261 shares, representing no more than 1% of the company's total share capital. The reduction will occur through centralized bidding over a three-month period, commencing 15 trading days after the announcement and concluding by March 22, 2026. The selling price will be determined by market conditions.

As of the announcement date, Xi Chao holds 83,545,482 shares, constituting 10.77% of the company's total share capital. The shares intended for reduction were primarily acquired through a prior agreement transfer, with a small portion obtained via centralized bidding. This reduction is attributed to the shareholder's funding needs.

The company stated that this reduction plan is a normal shareholder action and is not expected to significantly impact the company's governance structure or future operations. The plan adheres to relevant regulations concerning share reductions by major shareholders and executives.