FilingReader Intelligence

Ysstech sees major investors cut holdings, controlling shareholder's shares unfrozen

October 23, 2025 at 10:00 AM UTCBy FilingReader AI

Shenzhen Ysstech Info-tech announced that concerted parties of its 5% or more shareholders, specifically Shanghai Tongyi Investment Management Co., Ltd., reduced their holdings. From September 11 to October 22, 2025, Shanghai Tongyi offloaded 8,109,954 shares through centralized bidding and block trades, representing 1.0799% of the company's total share capital. This reduction caused the collective stake of Shanghai Tongyi and its concerted party, Hundsun Technologies Inc., to decrease from 12.9730% to 11.8932%, triggering a 1% integer multiple change. This move aligns with a pre-disclosure plan announced on August 20, 2025.

Concurrently, the company's controlling shareholder and actual controller, Mr. Tang Qiu, saw a partial unfreezing of his shares. On October 22, 2025, 1,443,252 shares were unfrozen, representing 1.84% of his total holdings and 0.19% of the company's total share capital. Following this unfreezing, Mr. Tang Qiu's cumulative frozen shares now stand at 5,000,000 shares, equating to 6.36% of his holdings and 0.67% of the company's total share capital.

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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