Chongqing Kangpu Chemical Employee Shareholding Platform plans to reduce holdings by 1.78M shares, accounting for 1.50% of the total share capital.

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On April 2, 2026, Chongqing Kangpu Chemical Industry Co., Ltd. (hereinafter referred to as “the Company”) announced that its employee shareholding platform, Hainan Maishun Investment Partnership (Limited Partnership) (hereinafter referred to as “Hainan Maishun”), plans to reduce its holdings through centralized bidding transactions, totaling 1.7831 million shares, accounting for 1.50% of the company’s total share capital.

Details of the reduction subject and plan

The announcement shows that Hainan Maishun is a shareholder holding more than 5% of the company and is also an acting concerted party of the company’s actual controller. As of the disclosure date, this partnership holds 16,031,340 shares of the company, accounting for 13.4564% of the total share capital. The source of the shares is from acquisitions before the Beijing Stock Exchange listing and rights distribution.

According to the reduction plan, Hainan Maishun intends to reduce 1,783,077 shares, representing 1.50% of the company’s total share capital. The reduction will be conducted via centralized bidding, within three months after 30 trading days from the disclosure of this announcement. The reduction price will be determined based on the market price. The source of the shares to be reduced is also from acquisitions before the Beijing Stock Exchange listing and rights distribution. The announcement also clarifies that this reduction plan does not include shares indirectly held by the company’s controlling shareholder and actual controller through the employee shareholding platform. The reason for the reduction is “funding needs of some partnership members.”

Compliance and impact of the reduction

The company states that this reduction plan does not violate laws and regulations such as the “Company Law,” “Securities Law,” “Beijing Stock Exchange Stock Listing Rules,” or other relevant regulations, nor does it breach any commitments made by the relevant parties. As of the disclosure date, all commitments made by Hainan Maishun have been strictly fulfilled, with no breaches. This reduction is consistent with previously disclosed commitments.

The announcement emphasizes that this reduction will not lead to changes in the company’s controlling shareholder or actual controller. Over the next 12 months, the company’s controlling shareholder, actual controller, and concerted parties have no other arrangements involving changes in control. Additionally, this reduction will not adversely affect the company’s production and operation, and there are no major negative events or risks.

Risk reminder

The company points out that there are uncertainties in the implementation of this reduction plan, including the reduction price, quantity, and whether it will be completed on schedule. Hainan Maishun will strictly comply with relevant laws, regulations, and regulatory requirements during the reduction period. The company will fulfill its information disclosure obligations in a timely manner. Investors are advised to be cautious of investment risks. Furthermore, this reduction will not result in a change of control of the company.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s views. All information in this article is for reference only and does not constitute personal investment advice. For discrepancies, please refer to the actual announcement. If you have questions, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express