Jiaozuo Wanfang shareholder faces forced share reduction

Jiaozuo Wanfang Aluminum Manufacturing (SZSE:000612) announced that shareholder Hetaiancheng Investment Management Center may be subject to a court-ordered enforcement leading to a passive share reduction. Hetaiancheng currently holds 51,293,976 shares, representing 4.30% of the company's total share capital. The planned reduction involves 25,949,900 shares (2.18% of total shares) via centralized bidding and block trades, beginning five days after February 17, 2025. Approximately 2,106,000 shares will be sold through centralized bidding and 23,843,900 through block trades. Post reduction, Hetaiancheng will no longer be a shareholder holding 5% or more of the company's shares. The company does not expect any impact on its governance structure or business.