On the evening of September 5th, Hithink Royalflush Information Network Co.,Ltd. announced that the company's controlling shareholder, actual controller, and chairman Yi Zheng, along with shareholder Hangzhou Kaishishun Technology Co., Ltd., plan to collectively reduce their holdings by no more than 1,383,100 shares within three months starting 15 trading days after the announcement. The reduction will be conducted through centralized bidding or block trading.
Yi Zheng currently holds 194,221,000 shares of the company and plans to reduce his holdings by 684,000 shares, which were acquired through secondary market purchases. On April 28, 2022, Yi Zheng accumulated 684,000 shares through centralized bidding transactions, representing 0.13% of the company's total share capital, at an average purchase price of 73.24 yuan per share, with a total investment of 50.099 million yuan.
Kaishishun holds 48,193,829 shares of the company, with the shares to be reduced originating from pre-IPO holdings. The reduction price range will be determined based on market prices. Kaishishun stated that the reduction is due to its own funding needs.
The actual controller Yi Zheng's reduction purpose appears more strategic. The announcement stated that Yi Zheng's phased increase target has been successfully completed, and his previous low-position purchases effectively stabilized the stock price. The current reduction represents the implementation of predetermined objectives. Through this reduction, he aims to optimize personal resource allocation and focus more energy on the company's strategic layout and core business development, helping to continuously enhance company value and reward long-term shareholder trust. Additionally, the moderate reduction aims to provide market participation opportunities, release liquidity, activate market vitality, and create more favorable conditions for subsequent market value management.
With the recent A-share market surge, Hithink Royalflush stock price once reached a historical high of 426.88 yuan per share. On September 5th, it closed at 361.5 yuan per share, still maintaining a high position since listing. Based on this closing price, Yi Zheng's reduction could yield a profit of nearly 200 million yuan.
This reduction will be conducted through centralized bidding or block trading methods. On September 8th, when contacted regarding whether shareholders would reduce holdings at a discount, company representatives stated it "depends on shareholders' individual choices."
In the secondary market, Hithink Royalflush opened lower on September 8th, falling approximately 5% by midday trading.
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