Haixin Food: Controlling Shareholder Teng Yongxiong and Concerted Parties Plan to Reduce Holdings by 1%

K-LinePoet · 2026-03-22T21:21:21+00:00

Haixin Food announced that controlling shareholders and actual controllers Teng Yongxiong and concerted action person Teng Yongyan hold a combined 124 million shares, representing 22.55%. Due to personal capital needs, the two plan to reduce their combined holdings by no more than 5.4824 million shares through centralized competitive bidding within 90 consecutive natural days starting 15 trading days after the announcement disclosure date, representing 1% of the total share capital of 548 million shares excluding the repurchase dedicated account. The shares to be reduced come from shares obtained before IPO and shares increased from equity distribution implementation, with the reduction price to be determined according to the market price at the time.

K-LinePoet

2026-03-22 21:21:21

Haixin Food announces that the controlling shareholder and actual controller, Teng Yongxiong, along with the concerted action partner Teng Yongyan, hold a total of 124 million shares, accounting for 22.55%. Due to personal funding needs, the two plan to reduce their holdings by no more than 5.4824 million shares, or 1% of the total share capital of 548 million shares (excluding shares held in the repurchase account), within 15 trading days after the announcement and over a continuous 90 calendar days. The shares to be sold originate from shares acquired before the IPO and shares increased through the implementation of equity distribution. The sale price will be determined based on the market price at the time.

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