Zhaowei Machinery & Electronic shareholder completes reduction plan

Shenzhen Zhaowei Machinery & Electronic (SZSE: 003021) announced that shareholder Qingmo Venture Capital has completed its previously disclosed share reduction plan. From June 5 to June 11, 2025, Qingmo Venture Capital reduced its holdings by 3,200,000 shares, representing 1.33% of the company's total share capital. The shares were sold through a combination of centralized bidding and block trades, with prices ranging from CNY 91.11 to CNY 105.57 per share. Following the reduction, Qingmo Venture Capital's stake in Zhaowei Machinery & Electronic decreased from 10.26% to 8.93%. The company stated that the reduction complies with relevant laws and regulations and will not affect the company's control or operations.