Runze Smart Computing faces share reduction by key shareholders

Runze Smart Computing Technology Group Co., Ltd. (SZSE:300442) announced that several shareholders holding more than 5% of the company's shares intend to reduce their holdings. The shareholders, acting in concert, include Ningbo Fengwen Equity Investment Partnership, Ningbo Meishan Free Trade Port Area Pingsheng Ankang Equity Investment Partnership, Shanghai Weiguan Investment Partnership, and Tianjin Ping An Consumption Technology Investment Partnership. Collectively, they plan to decrease their stake by no more than 3,200,000 shares, representing approximately 0.19% of the company's total share capital. The reduction will occur via either centralized bidding or block trading within a three-month period, starting 15 trading days after the announcement date (May 28, 2025) and ending August 27, 2025. The shareholders cite their own capital needs as the reason for the reduction. The company affirmed that the planned reduction aligns with previous commitments and will not alter company control.