Oriental Yuhong: Controlling shareholder plans to reduce stake

Beijing Oriental Yuhong Waterproof Technology (SZSE:002271) announced that its controlling shareholder and actual controller, Li Weiguo, plans to reduce his stake in the company. Li Weiguo, who currently holds 22.22% of the company's shares (530,802,887 shares), intends to reduce his holdings by no more than 46,382,189 shares, representing a maximum of 1.94% of the total share capital. The reduction will occur via block trades and/or open market transactions within a 3-month period, starting 15 trading days after the announcement date and ending on October 23, 2025, subject to regulatory restrictions. The proceeds from the share reduction are earmarked for debt repayment. Li Weiguo's consistent person, Li Xingguo, currently holds 0.46% of shares outstanding (10,909,355 shares).