Zhejiang Shaoxing Ruifeng Rural Commercial Bank: Antu Automobile Reduces Holdings by 4.09 Million Shares

Deep News09-17

On September 17, Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.,Ltd. announced that it received a notification letter regarding share reduction from shareholder Antu Automobile on September 16, 2025.

According to the announcement, Antu Automobile reduced its holdings in the bank by 4,088,300 shares on September 16, 2025, through centralized bidding transactions. The disposed shares represent 0.21% of the bank's total share capital.

Following this equity change, the combined shareholding of Antu Automobile and its persons acting in concert - Suomike Auto Parts Co., Ltd., Shen Yousheng, and Shen Baiqing - decreased from 6.10% to 5.89% of the bank's total shares. This transaction triggers disclosure requirements as it crosses the 1% threshold for equity changes.

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