DHC Software shareholders plan to reduce holdings

DHC Software announced that several shareholders, including actual controller Xue Xiangdong and his consistent actor Guo Yumei, intend to reduce their holdings in the company. Xue Xiangdong and Guo Yumei plan to reduce a maximum of 32,054,823 shares combined, equivalent to 1% of the company's total share capital, through either centralized bidding or block trading. Additionally, Director and Deputy General Manager Li Jianguo plans to reduce a maximum of 657,143 shares via centralized bidding, not exceeding 0.0205% of total share capital, while Director and Board Secretary Lin Wenping plans to reduce a maximum of 87,375 shares through centralized bidding, capped at 0.0027% of total share capital. The reduction period will commence 15 trading days after the announcement date and last for three months, with prices determined by market conditions. The shareholders cited personal funding needs as the reason for the share reduction. As of the announcement, Xue Xiangdong holds 384,755,226 shares (12% ownership), Guo Yumei holds 7,648,300 shares (0.24%), Li Jianguo owns 2,628,572 shares (0.0820%), and Lin Wenping holds 349,500 shares (0.0109%).