Dalian Liancheng CNC's shareholder Sanya Zhaoheng Group reduces its stake by 2%, cashing out approximately 231 million yuan

On March 24, 2026, Dalian Liancheng CNC Machine Co., Ltd. (hereinafter referred to as “Liancheng CNC”) announced the results of shareholder share reductions, revealing that the shareholder with more than 5% stake, Sanya Zhaoheng Private Equity Fund Management Partnership (Limited Partnership) - Rudong Ruida Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as “Sanya Zhaoheng”), has completed its reduction plan, having reduced its holdings by 2% of the company’s shares, cashing out approximately 231 million yuan.

Reduction Subject and Previous Shareholding Situation

The announcement shows that Sanya Zhaoheng is a shareholder of Liancheng CNC with more than 5% stake, holding 16,969,396 shares before the reduction, accounting for 7.2278% of the company’s total share capital, with shares sourced from before the listing on the Beijing Stock Exchange (including share increases from rights distributions).

Details of the Reduction Plan Implementation

According to the announcement, Sanya Zhaoheng implemented the reduction through centralized bidding trading, with the reduction period from January 15, 2026, to March 23, 2026, and the reduction price range from 30.39 yuan/share to 73.14 yuan/share.

After completing this reduction, Sanya Zhaoheng has cumulatively reduced its holdings by 4,695,608 shares, accounting for 2.00% of the company’s total share capital, with a total reduction amount of 230,703,000.77 yuan (approximately 23.1 million yuan). The reduction plan has been fully implemented and was not terminated early.

Current Shareholding Situation

After this reduction, Sanya Zhaoheng still holds 12,273,788 shares of Liancheng CNC, with its shareholding ratio decreased to 5.2278%, still making it a shareholder with more than 5% stake in the company. The announcement also clarified that during the implementation period of this reduction plan, the relevant shareholders strictly complied with applicable laws, regulations, and regulatory requirements.

Liancheng CNC stated that this shareholder reduction is due to the shareholders’ own funding needs and will not have a significant impact on the company’s governance structure and ongoing operations.

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Editor: Xiaolang Express Report