Motic (Xiamen) Electric's key shareholders plan stock sell-off

Motic (Xiamen) Electric Group [SZSE:300341] announced that shareholders Motic Holding Co., Ltd. and Hong Kong Hiline Co., Ltd. plan to reduce their stakes in the company. Motic Holding, currently holding 15.34% (79,391,022 shares), intends to sell up to 12,417,848 shares, or 2.4% of the total share capital. Hong Kong Hiline, with a current stake of 9.39% (48,576,998 shares), also plans to reduce its holdings by up to 12,417,848 shares, or 2.4% of the total share capital. The sales may occur through block trades or open market transactions over a three-month period, beginning 15 trading days after this announcement, from May 29, 2025 to August 28, 2025. The selling prices will depend on prevailing market conditions. The shareholders cite their own business needs as the reason for the planned reduction. These shareholders are not the controlling shareholder, and the company believes the sell-off will not affect operations.