Desay SV Automotive shareholder completes stake reduction

Huizhou Desay SV Automotive (SZSE:002920) announced that shareholder Huizhou Innovation Investment Co., Ltd. has completed its planned reduction of the company's shares. Between January 2, 2025, and March 20, 2025, Huizhou Innovation Investment decreased its holding through a combination of block trades and open market sales. Specifically, 5,499,714 shares were sold via centralized bidding at an average price of 109.68 yuan per share and 4,813,100 shares were sold via block trades at an average price of 113.52 yuan. This resulted in a total reduction of 10,312,814 shares, representing 1.86% of Desay SV Automotive's total share capital. Following the reduction, Huizhou Innovation Investment's stake stands at 24.63%. The share reduction was conducted due to the shareholder's own capital needs. The company confirmed that the reduction complied with relevant laws and regulations and that Huizhou Innovation Investment remains committed to its prior pledges regarding shareholding.