Shenzhen Bingchuan controlling shareholder fails to reduce stake

Shenzhen Bingchuan Network (SZSE:300533) announced that its controlling shareholder, Liu Heguo, did not proceed with the planned reduction of the company's shares during the stipulated period from March 19, 2025, to June 18, 2025. The initial plan, disclosed on February 25, 2025, outlined the intention to transfer up to 4,686,000 shares, representing 2% of the company's total share capital, via block trade. As of June 18, 2025, Liu Heguo's holdings remain unchanged at 91,943,307 shares, accounting for 39.21% of the total share capital, with 22,985,827 shares unrestricted and 68,957,480 shares subject to restrictions. The company confirmed that the non-execution of the share reduction plan does not impact the company's control structure or governance.