Zhidi Technology (Stock Code: 301503) disclosed in a regulatory filing that Zhuhai Zhikong Investment Enterprise, holding a 5.60% stake, intends to reduce its position by up to 800,000 shares. The planned divestment represents approximately 1.00% of the company’s total outstanding shares.
Structured Divestment Timeline and Method
The shareholder will initiate the share sale through centralized bidding transactions starting 15 trading days after the announcement disclosure date, with the disposal window spanning three months. The shares subject to reduction were obtained prior to the company’s initial public offering.
Stated Rationale for Stake Reduction
Company officials cited dual purposes for the move: addressing the investment firm’s internal capital requirements and implementing employee incentive mechanisms designed to enhance corporate value creation. The selling price will be determined by prevailing market conditions at execution.
Market analysts note this represents a controlled divestment strategy, with the 1% cap minimizing potential market impact. The announcement follows standard disclosure protocols for pre-IPO shareholders, though the timing coincides with recent volatility in China’s tech sector. Zhidi Technology emphasized the transaction aligns with normal investment cycle management.
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