Roshow Technology's major shareholders to sell 3% stake

Roshow Technology's controlling shareholder, Roshow Group Co., Ltd., along with its actual controllers and concerted parties, has announced a plan to reduce their combined stake in the company. The planned reduction will not exceed 57,275,218 shares, representing approximately 3% of the company's total share capital after excluding shares in the company’s dedicated buyback account. This move is intended to address the Roshow Group's capital needs, reduce its asset-liability ratio, and supplement its working capital.

The shares to be divested originate from holdings acquired before the company's initial public offering, shares obtained through capital reserve transfers post-listing, and shares issued through private placements. The proposed reduction will occur via centralized bidding and block trading methods over a three-month period, commencing 15 trading days after the announcement date.

As of the announcement date, Roshow Group and its concerted parties collectively hold 261,010,732 shares, or 13.67% of the total share capital. The company reassures that the implementation of this plan will not lead to a change in control or negatively impact its ongoing operations.