Shun Na Shares' third-largest shareholder reduces holdings by 6.9 million shares in 7 days, cashing out 130 million yuan

Sodium Industry Co., Ltd. (000533.SZ) announced last night that the shareholding change ratio of the shareholder holding more than 5% of the company’s shares has reached a multiple of 1%, and the implementation of the reduction plan has been completed. The company disclosed on February 11, 2026, the “Pre-disclosure Announcement of Share Reduction Plan for Shareholders Holding More Than 5%” (Announcement No.: 2026-004). Mr. Zhang Mingyuan, a shareholder holding more than 5%, plans to reduce his shares by no more than 6,908,160 shares through centralized bidding within three months after the announcement (from March 12, 2026, to June 11, 2026), representing no more than 1% of the company’s total share capital.

Recently, the company received a notice from Zhang Mingyuan titled “Notice of the Shareholding Change Ratio Reaching a Multiple of 1% and the Completion of the Share Reduction Plan,” indicating that Zhang Mingyuan’s holdings have decreased to 47,572,109 shares, accounting for 6.89% of the total share capital. The change in rights and interests has reached a multiple of 1%, and the reduction is consistent with the previously disclosed plan. The reduction plan has now been completed.

Due to personal funding needs, Zhang Mingyuan reduced 6,900,000 shares through centralized bidding from March 12 to March 18, 2026. Before the reduction, his shareholding ratio was 7.89%, and after the reduction, it was 6.89%. The average price for this reduction was 18.86 yuan per share. Based on this, Zhang Mingyuan cashed out approximately 130 million yuan.

Sodium Industry Co., Ltd. stated that Zhang Mingyuan is not a controlling shareholder or actual controller of the company. The implementation of this reduction plan will not have a significant impact on the company’s governance structure, equity structure, or future operations, nor will it lead to a change in the company’s control.

As of September 30, 2025, Zhang Mingyuan was the third-largest shareholder of Sodium Industry Co., Ltd., with a shareholding ratio of 7.89%. After this reduction, his shareholding ratio is 6.89%, and he remains the third-largest shareholder.

(Responsible Editor: He Xiao)