Jilin Chemical Fibre shareholder to trim stake

Shanghai Fangda Investment Management Co., a shareholder in Jilin Chemical Fibre Co., Ltd., holding 6.95% of the company's total share capital, has announced its intention to reduce its stake. The planned divestment, driven by operational needs, will occur between December 8, 2025, and March 7, 2026.

The investor plans to sell up to 24,588,683 shares through centralized bidding, representing no more than 1% of the total share capital, and an additional 24,588,683 shares via block trading, also capped at 1%. The shares originated from secondary market centralized bidding, agreed transfers, and judicial auctions.

The specific selling price will be determined by market prices at the time of the transaction. This reduction is not expected to alter the company's control, governance structure, or sustained operational impact.