Yicheng New Energy shareholder completes planned stock reduction

Henan Yicheng New Energy (SZSE:300080) announced today that KaiFeng Development Investment Group, a shareholder holding more than 5% of the company's shares, has completed its previously disclosed share reduction plan. Between January 14, 2025, and February 28, 2025, KaiFeng Development Investment Group reduced its holdings by 18,500,000 shares through centralized bidding transactions, representing 0.99% of the company's total share capital. The shares were sold at an average price of 4.10 yuan per share, within a price range of 3.85 to 4.34 yuan. Following the reduction, KaiFeng Development Investment Group's stake in Yicheng New Energy decreased from 14.39% to 13.40%, with remaining holdings of 251,097,800 shares. The company stated that the reduction was in compliance with relevant laws and regulations and would not affect the company's control structure or governance.