Rainbow Digital (002419) shareholder Wulong Trading reduces holdings by 17,767,000 shares, accounting for 1.5471% of the total share capital after excluding buybacks.

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In March 2026, Tianhong Digital Science and Technology Commercial Co., Ltd. (hereinafter referred to as “Tianhong Co.,” stock code 002419) announced that its shareholder holding more than 5%, Wulong Trading Co., Ltd. (hereinafter referred to as “Wulong Co.”), reduced its holdings in the company through block trading on March 19, with the amount and percentage exceeding 1% of the company’s total share capital. This reduction did not exceed the previously disclosed reduction plan and will not have a significant impact on the company’s control or ongoing operations.

Background of the Reduction Plan

According to the announcement, Tianhong Co. had previously published a pre-disclosure announcement regarding the reduction of holdings by shareholders holding more than 5% on January 8, 2026 (2026-002). At that time, Wulong Co. held 85,879,553 shares of Tianhong Co., accounting for 7.39% of the company’s total share capital (excluding 7,445,700 repurchased shares in the repurchase special securities account). According to the plan, Wulong Co. intended to reduce its holdings by no more than 34,842,061 shares within three months starting from January 30, 2026, through centralized bidding or block trading, which would not exceed 3.00% of the company’s total share capital after excluding repurchased shares.

Details of the Current Reduction

Tianhong Co. received a notice from Wulong Co. titled “Notice of Reduction of Shares of Tianhong Digital Science and Technology Commercial Co., Ltd. Exceeding 1%” on March 3, indicating that Wulong Co. reduced its shares by 17,767,000 shares through block trading on March 19, 2026, accounting for 1.5471% of the company’s current total share capital (after excluding shares in the repurchase special securities account) and 1.5200% of the company’s total share capital.

The announcement clarified that the purpose of this reduction was for Wulong Co.'s own funding needs, and the reduction method was through block trading, without conducting centralized bidding or other methods.

Comparison of Shareholding Changes Before and After

After this reduction, the number and percentage of shares held by Wulong Co. in Tianhong Co. changed as follows:

Impact on the Company and Compliance Explanation

The announcement pointed out that Wulong Co. did not exceed the upper limit of the previously disclosed reduction plan, and there were no violations of laws and regulations such as the “Securities Law” or “Measures for the Administration of the Acquisition of Listed Companies,” nor any violations of the business rules of the Shenzhen Stock Exchange. At the same time, this reduction will not lead to a change in company control, nor will it have a significant impact on the company’s ongoing operations.

Tianhong Co. stated that it will continue to monitor the subsequent shareholding changes of shareholders and fulfill its information disclosure obligations in a timely manner according to relevant regulations.

Disclaimer: The market has risks, and investments must be cautious. This article is automatically published by an AI large model based on a third-party database and does not represent the views of Sina Finance. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for discrepancies. For inquiries, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Quick Report