FilingReader Intelligence

Inovance Tech execs plan to reduce stake

March 27, 2025 at 07:47 PM UTCBy FilingReader AI

Shenzhen Inovance Technology (SZSE:300124) announced that five executives, including Director and Vice President Zhou Bin, Supervisor Bai Ziping, Vice President Li Ruilin, Vice President Yi Gaoxiang, and CFO Liu Yingxin, intend to reduce their holdings in the company. The planned reduction involves a total of no more than 5,788,075 shares, representing approximately 0.215% of the company's total share capital, excluding shares held in the company's repurchase account. As of the announcement date, these executives collectively hold 108,849,005 shares, or 4.041% of the total share capital excluding the repurchase account. The executives cited personal financial needs as the reason for the planned reduction, which may be executed through either centralized bidding or block trades between April 8, 2025, and July 7, 2025. The company stated that the planned reduction will not impact the company's control structure or operations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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