Inner Mongolia Yili Industrial Group (600887.SH) Chairman Plans to Reduce Holdings by Up to 0.98% of Company Shares

Stock News01-07

Inner Mongolia Yili Industrial Group Co.,Ltd. (600887.SH) announced that Chairman and President Pan Gang intends to reduce his holdings by no more than 62 million shares, representing 0.98% of the company's total share capital, through block trades or centralized bidding. The funds raised from this share reduction will be used to repay matured stock pledge financing loans obtained from financial institutions, including Huatai Securities (Shanghai) Asset Management Co., Ltd., which were used to subscribe to equity incentive shares and purchase shares on the secondary market at market prices. All proceeds from the share sale are designated exclusively for repaying the stock pledge financing loans, with no authority for personal allocation or use for any other individual expenses.

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