Enlight Media controlling shareholder plans to reduce holdings

Beijing Enlight Media (SZSE:300251) announced that its controlling shareholder, Enlight Holding, along with individuals acting in concert, plans to reduce their holdings in the company. The planned reduction involves up to 29,237,346 shares, not exceeding 1% of the total share capital, excluding shares in the repurchase special account. The sale will occur via centralized bidding or block trades within three months, starting fifteen trading days after the announcement date, which is between June 11, 2025, and September 10, 2025. The company stated that the motivation for the sell-off primarily stems from the need to lower the debt ratio and improve the company's financial structure. The statement highlights confidence and strong recognition of the company's value.