Huaxi Securities shareholder to cut stake by up to 1%

Sichuan Jiannanchun (Group) Co., Ltd., a major shareholder of Huaxi Securities with 6.79% of its total share capital, plans to reduce its stake. The reduction will involve up to 26,250,000 shares, equivalent to 1% of Huaxi Securities' total share capital, over three months starting 15 trading days from the announcement date.

The share reduction will use a combination of centralized bidding and block trading. Each method will account for up to 13,125,000 shares, or 0.5% of the total share capital. The primary reason for this divestment is to meet Jiannanchun's liquidity needs, with the shares originating from its holdings prior to Huaxi Securities' initial public offering. The selling price will be determined by market conditions at the time of the transaction.

The planned reduction period spans from October 27, 2025, to January 26, 2026. This move is not expected to alter Huaxi Securities' controlling shareholder or actual controller, nor will it significantly impact the company's governance structure or ongoing operations. Investors are advised to be aware of market risks due to the uncertainty of timing, quantity, and price of the share reductions.