Noposion's controlling shareholder plans stake reduction to repay debt

Shenzhen Noposion Agrochemicals Co., Ltd. announced that its de facto controller, Lu Baiqiang, and his concerted parties, including Shenzhen Noposion Investment Holding Co., Ltd., Yunnan Runbaoyingxin Agriculture Co., Ltd., and Lu Cuidong, plan to reduce their combined stake. The group, currently holding 35.21% of the company's total share capital, intends to sell up to 30,000,000 shares, representing 2.98% of the company's total shares.

The planned share reduction will occur within three months, starting 15 trading days from the announcement date. Sales will be conducted through centralized bidding and block trades. Centralized bidding will account for no more than 1% of the company's total share capital, while block trades will not exceed 2%. The purpose of the share reduction is to repay debts.

The shares to be sold originated from pre-IPO holdings and subsequent bonus issues. The selling price will be determined by secondary market prices at the time of sale. This move is not expected to alter the company's control or negatively impact its governance structure and continuous operations.