Suzhou Maxwell Technologies Co.,Ltd. announced on January 7 that its controlling shareholders, Zhou Jian and Wang Zhenggen, intend to reduce their holdings in the company.
The planned reduction involves selling a combined total of no more than 5.4 million shares, which represents approximately 1.94% of the company's total share capital after excluding shares held in the special repurchase account.
The减持 is attributed to personal capital needs and will be executed through either集中竞价 (centralized bidding) or大宗交易 (block trade) methods.
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