FilingReader Intelligence

Sunlord Electronics shareholder plans to reduce stake

June 2, 2025 at 05:19 PM UTCBy FilingReader AI

Shenzhen Sunlord Electronics (SZSE:002138) announced that its chairman and major shareholder, Yuan Jin Yu, intends to reduce his stake in the company. Yuan, who currently holds 53,507,279 shares, representing 6.7814% of the company's total share capital (excluding shares in the repurchase special account), plans to sell up to 13,370,000 shares. The reduction will occur through a combination of centralized competitive bidding and block transactions between June 25, 2025, and September 24, 2025. The chairman cited personal financial needs as the reason for the sale. The company stated that the planned reduction complies with relevant laws and regulations and will not affect Sunlord's governance or control.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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