Hunan Silver major shareholder plans significant stake reduction

Chenzhou City SASAC Holding Group Co., Ltd., a shareholder in Hunan Silver Co., Ltd. holding 210,000,000 shares (7.44% of total share capital), has announced a plan to reduce its holdings. The group intends to offload up to 56,460,000 shares, representing 2.00% of Hunan Silver’s total share capital, through both centralized bidding and block trading.

The planned share reduction will occur over three months, starting 15 trading days after the announcement's disclosure date, specifically from November 10, 2025, to February 9, 2026. This includes up to 28,230,000 shares (1.00%) via centralized bidding and up to 28,230,000 shares (1.00%) through block trading. The divestment is cited for the shareholder's operational and developmental needs.

The shares originated from a judicial restructuring in November 2020. The company has clarified that Chenzhou City SASAC Holding Group is not a controlling shareholder, and the reduction will not alter the company's control or impact its governance structure and ongoing operations.