Nanxing Machinery: Share reduction by controlling shareholder exceeds 1%

Nanxing Machinery (SZSE:002757) announced that the shareholding of its controlling shareholder, Dongguan Nanxing Industrial Investment, and a person acting in concert with the actual controller, Zhan Rening, has decreased. The reduction totaled 3,043,000 shares, or 1.03% of the company's total share capital, occurring on February 17, 2025. Post-transaction, the combined holdings of Nanxing Investment, the actual controller, and their associates now stand at 42.86%. The sale was conducted through a combination of block trades and open market transactions via the Shenzhen Stock Exchange.