Dabeinong's controlling shareholder completes share reduction plan

Beijing Dabeinong Technology Group (SZSE:002385) announced that its controlling shareholder, Shao Genhuo, has completed the previously disclosed share reduction plan. From February 25 to February 26, 2025, Shao reduced his holdings by 37,000,000 shares through centralized bidding, representing 0.86% of the company's total share capital. The shares were sold at an average price of 4.18 yuan per share, within a price range of 4.15 to 4.25 yuan. Following the reduction, Shao Genhuo now holds 977,200,026 shares, or 22.73% of the total share capital. The company stated that the share reduction was in compliance with regulations and would not affect the company's governance structure or control.