Jinhe Industrial: Controlling shareholder plans to reduce stake

Anhui Jinhe Industrial (SZSE: 002597) announced that its actual controller, Yang Yingchun, plans to reduce his direct holdings in the company. Yang, along with Yang Le, collectively hold 254,781,972 shares. Yang Yingchun directly holds 3,816,050 shares, representing 0.70% of the total share capital after excluding shares in the repurchase special account. The planned reduction involves no more than 3,816,050 shares, also equivalent to 0.70% of the total share capital (excluding the repurchase account). The sale may occur via block trade or through open market transactions within three months from March 21, 2025, to June 20, 2025. The reason for the share reduction is for personal financial needs. The company stated that the plan will not affect the company's control or operations.