Xingye Mining shareholder plans to reduce stake

Inner Mongolia Xingye Silver Tin Mining Co., Ltd. (SZSE:000426) announced that National Trust Co., Ltd., a shareholder holding more than 5% of its shares, plans to reduce its stake. The reduction will be executed via centralized bidding and will not exceed 17,756,357 shares, representing 1% of the company's total share capital. The sale is due to the shareholder's internal funding needs. The reduction period will begin 15 trading days after the announcement date and last for three months. National Trust currently holds 100,688,123 shares, equivalent to 5.67% of the company's total shares. The company states that the reduction plan complies with relevant laws and regulations and will not affect the company's governance. The exact timing and price will depend on market conditions.