Archermind Technology (Nanjing) shares face reduction by key shareholders

Archermind Technology (Nanjing) (SZSE:300598) announced that several key shareholders and executives intend to reduce their holdings. Specifically, Nanjing Taize Investment Management Center plans to decrease its stake by no more than 2,164,900 shares, representing 1% of the total share capital, while Nanjing Guanchen Investment Management Center intends to reduce its holdings by up to 974,000 shares, or 0.45%. Additionally, board secretary and deputy general manager Wang Kun plans to reduce his holdings by up to 12,000 shares; director and CFO Huang Haiyan and director and deputy general manager Wang Jinfeng each plan to reduce their holdings by up to 3,900 shares. The reduction will be achieved through either centralized bidding transactions or block trades. The reduction period for shareholders Nanjing Taize and Nanjing Guanchen is set from May 29, 2025, to August 28, 2025. These shareholders are reducing for their own capital needs and will use their existing shares. For Wang Kun, Huang Haiyan, and Wang Jinfeng, it will begin after 15 trading days from the announcement date and last three months, also utilizing their existing shares acquired from equity incentive plans.