Shengyi Technology's major shareholder reduces stake, crossing 1% threshold

Guangdong Guangxin Holdings Group Co., Ltd., a significant shareholder in Shengyi Technology, has reduced its stake in the company. Between November 26, 2025, and December 9, 2025, Guangxin Group sold 12,910,100 shares through concentrated bidding on the Shanghai Stock Exchange, representing 0.53% of Shengyi Technology's total share capital.

This transaction has lowered Guangxin Group's ownership from 24.38% to 23.85%, crossing the 1% equity change threshold. The company confirmed that this equity change aligns with a previously disclosed share reduction plan and does not violate any commitments.

Shengyi Technology stated that the reduction will not affect the company's governance structure, continuous operations, or change its controlling shareholder or actual controller. The company also noted that Guangxin Group's share reduction plan is not yet fully completed.