Amarsoft's controlling shareholders, executives plan share reduction

Shanghai Amarsoft Information & Technology (SZSE:300380) announced that its controlling shareholder, Shanghai Amarsoft Technology Development Co., Ltd., along with actual controller Gao Ming, and director cum deputy general manager Zhai Tao, intend to reduce their holdings in the company. Amarsoft Technology Development plans to reduce its stake by no more than 2.9 million shares, or 2.09% of total share capital, while Gao Ming plans similar reduction, both through block trades or price auction. Zhai Tao plans to reduce his holdings by no more than 900,000 shares, representing 0.65% of total share capital, through similar channels. The reduction period spans from April 11, 2025, to July 10, 2025, subject to market conditions and regulatory considerations. The stated reasons for the planned reductions include shareholder capital needs. The company asserts that these reductions will not affect its control structure or ongoing operations.