Guide Infrared controlling shareholder to cut stake for new ventures

Wuhan Guide Infrared's controlling shareholder, Huang Li, plans to divest up to 128,122,083 shares, representing 3.00% of the company's total share capital. The proposed reduction, occurring within three months, aims to generate capital for other innovative industry investments outside the listed company. Shares will be sold through both centralized bidding and block trades.

Specifically, Huang Li plans to reduce up to 42,707,361 shares (1.00% of total share capital) via centralized bidding and up to 85,414,722 shares (2.00% of total share capital) through block trades. Huang Li and his concerted parties collectively hold 2,711,547,739 shares, or 63.49% of the company's total share capital.

The company stated that this planned share reduction will not alter its control or negatively impact its corporate governance structure or ongoing operations.