Haige Communications shareholder plans partial stock sale for personal finance

Guangzhou Haige Communications Group announced that shareholder Yang Haizhou plans to sell up to 3.5 million shares, representing about 0.14% of the company's total share capital (excluding repurchased shares). This reduction, primarily for personal financial planning, will be executed via centralized bidding within three months, starting 15 trading days from the announcement date. The shares originated from pre-IPO holdings and capital reserve transfers.

As of the disclosure date, Yang Haizhou holds 31,425,075 shares, or about 1.28% of the company’s total share capital, excluding repurchased shares. The sale will be at market prices at the time of the transaction. The company confirmed that Yang Haizhou has strictly adhered to prior commitments regarding share lock-up and transfer limits, and this plan does not violate any existing pledges.

The company further stated that the implementation of this plan will not result in a change of control or adversely affect the company's governance structure or ongoing operations. The timing and price of the share reduction are subject to market conditions, and there is no certainty that the plan will be completed as scheduled.