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Onechance Tech shareholder's planned stock sale expires unexecuted

September 16, 2025 at 10:31 AM UTCBy FilingReader AI

Hangzhou Onechance Tech Corp announced that its major shareholder, Zhang Fan, who holds 17,493,837 shares (7.3831% of total share capital), did not proceed with her planned share reduction. The plan, which aimed to reduce her holdings by up to 5,923,568 shares (2.5000% of total share capital) through centralized bidding and/or block trading, expired on September 15, 2025.

The company previously disclosed the plan on May 22, 2025, with the reduction period set from June 16, 2025, to September 15, 2025. Zhang Fan confirmed that due to personal reasons and other factors, she did not sell any of her shares during this period. Her total holdings remain unchanged at 17,493,837 shares.

The company affirmed that Zhang Fan is not a controlling shareholder or actual controller, and the non-execution of this plan will not lead to any change in the company's control, governance structure, equity structure, or future operations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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