Kaizhong Precision's controlling shareholder, exec plan share reductions

Shenzhen Kaizhong Precision Technology (SZSE:002823) announced pre-disclosure of share reduction plans by controlling shareholder Wu Ying and Vice General Manager Chen Lei. Wu Ying, holding 20.02% of the company (65,734,669 shares), plans to reduce her stake by no more than 6,549,965 shares (2% of total equity) between March 6, 2025, and June 5, 2025, via block trades. Chen Lei, holding 0.16% (510,508 shares), intends to reduce his holdings by no more than 127,627 shares (0.04% of total equity) within the same period via open market transactions. The reductions are due to personal funding needs. Both Wu and Chen have committed to adhering to relevant regulations and have confirmed the planned sales will not impact company control.