CNFC Overseas Fisheries shares volatile after fund reduces stake

CNFC Overseas Fisheries' stock (SZSE:000798) experienced abnormal price fluctuations on November 18 and 19, 2025, with a cumulative deviation of over 20%. The company stated that no undisclosed major information, operational changes, or unannounced significant matters involving the company, its controlling shareholder, or actual controller exist. Furthermore, neither the controlling shareholder nor the actual controller traded company shares during the abnormal fluctuation period.

This comes as China National Enterprise Mixed Ownership Reform Fund, a shareholder holding over 5% of CNFC Overseas Fisheries, reduced its stake. On November 17, 2025, the fund sold 2,588,835 shares through centralized bidding, decreasing its holdings from 5.7076% to 5.0000% of total share capital. This transaction did not trigger a tender offer and will not affect the company's controlling shareholder, actual controller, or its operational and governance structure.

The Mixed Ownership Fund's share reduction was undertaken to meet its capital requirements. The fund retains the possibility of further share reductions in the next twelve months, adhering to relevant laws and regulations.