Jiangsu Weibo Hydraulics Shareholder Huai'an Zhongbo Proposes to Reduce Holdings of No More Than 994,900 Shares, Accounting for 2% of Total Share Capital

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On March 12, 2026, Jiangsu Weibo Hydraulic Co., Ltd. (hereinafter referred to as “the Company”) released a pre-disclosure announcement regarding shareholder reduction of shares (re-disclosure). The Company’s shareholder, Huai’an Zhongbo Information Consulting Service Co., Ltd. (hereinafter referred to as “Huai’an Zhongbo”), plans to reduce no more than 993,900 shares of the company within the next three months, accounting for 2% of the total share capital.

Subject of the reduction and shareholding status

The announcement shows that the current reduction subject, Huai’an Zhongbo, is an acting concerted party of the company’s actual controller and also a shareholder holding more than 5%. As of the disclosure date, Huai’an Zhongbo held 7 million shares, accounting for 14.09% of the total share capital, with these shares acquired before the company’s listing.

Specific details of the reduction plan

According to the announcement, Huai’an Zhongbo intends to reduce no more than 993,900 shares, representing 2% of the company’s total share capital. The reduction methods include centralized bidding transactions or block trades. The reduction period is within three months after the next disclosure of this reduction plan, starting 15 trading days after the plan’s re-disclosure. The reduction price will be determined based on the market price at the time of reduction. The shares to be reduced are acquired before listing, and the reason for reduction is capital needs.

Compliance and risk warning

The announcement states that this reduction plan does not violate the “Company Law,” “Securities Law,” “Stock Listing Rules of Beijing Stock Exchange,” or other laws, regulations, and relevant provisions, nor does it breach any commitments made by the relevant parties. Additionally, this reduction will not lead to changes in the company’s controlling shareholder or actual controller.

It is noteworthy that if the reduction is carried out through block trades, the transferee cannot reduce their received shares within six months after the transfer. Furthermore, the company emphasizes that the implementation of this reduction plan is uncertain; the reduction shareholders will decide whether and how to implement it based on market conditions, the company’s stock price, and other factors. There is a possibility that the plan may not be fully or partially implemented.

The company reminds investors to view shareholder reduction behaviors rationally and to be aware of investment risks. The company will disclose relevant information in a timely manner based on the progress of the reduction.

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

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Responsible Editor: Xiao Lang Kuai Bao