Kaishan Group to reduce stake in Zhejiang Kaishan Compressor

Kaishan Group, the controlling shareholder of Zhejiang Kaishan Compressor, has announced its intention to reduce its stake in the company. The group, which currently holds 566,162,342 shares, or 56.98% of the total share capital, plans to sell up to 9,936,350 shares. This divestment represents approximately 1% of the company's total share capital.

The share reduction will occur within three months, starting 15 trading days after the announcement date (December 12, 2025) and concluding by March 11, 2026. Sales will be conducted through centralized bidding or block trades at market prices. The primary reasons cited for the sale include company operational needs and securing funding for the ongoing Kenya green ammonia fertilizer project.

Kaishan Group has affirmed its commitment to existing lock-up agreements and regulatory compliance. The company stated that this reduction is a normal shareholder action, which will not impact the company's governance structure, ongoing operations, or lead to a change in control.