Chongqing Zaisheng Technology Co Ltd (603601) – Shareholding Reduction Announcement
Chongqing Zaisheng Technology Co Ltd, listed on the Shanghai Stock Exchange under the ticker 603601, announced a shareholding reduction plan involving several senior executives on 28 April 2026. The plan was disclosed in a board‑approved notice dated 29 April 2026 and is scheduled to be executed via concentrated auction trading within a 15‑day window, followed by a maximum period of three months.
1. Executive Shareholdings Prior to the Announcement
| Executive | Shareholding (shares) | % of total shares |
|---|---|---|
| Ms. Zhou Lingya (Vice President) | 304,100 | 0.0266 % |
| Mr. Yang Jinming (Vice President) | 574,972 | 0.0503 % |
| Mr. Yi Wei (Vice President) | 316,587 | 0.0277 % |
The shares were acquired through a combination of equity‑incentive plans, concentrated auction purchases, and capital‑reserves‑to‑capital‑stock conversions. No other shareholders or affiliated parties are involved in this reduction.
2. Plan Details
| Executive | Maximum shares to be sold | Maximum percentage of total shares | Selling method | Selling period | Source of shares to be sold | Reason |
|---|---|---|---|---|---|---|
| Ms. Zhou Lingya | 76,000 | 0.0067 % | Concentrated auction | 25 May – 24 Aug 2026 | Incentive, auction, capital‑reserve conversion | Personal liquidity |
| Mr. Yang Jinming | 143,700 | 0.0126 % | Concentrated auction | 25 May – 24 Aug 2026 | Incentive, auction, capital‑reserve conversion | Personal liquidity |
| Mr. Yi Wei | 79,100 | 0.0069 % | Concentrated auction | 25 May – 24 Aug 2026 | Incentive, auction, capital‑reserve conversion | Personal liquidity |
The plan allows each executive to sell up to the indicated amount but does not obligate them to do so. The actual selling price, timing, and quantity will depend on market conditions and company performance during the sale window.
3. Legal and Regulatory Compliance
The board confirmed that the announcement complies with:
- The Company Law of the People’s Republic of China
- The Securities Law of the People’s Republic of China
- Regulations on the management of shares held by directors and senior executives of listed companies
- Shanghai Stock Exchange Self‑Regulatory Guidelines for Shareholding Reduction (Item 15)
The company also stated that no regulatory restrictions or prohibited circumstances apply, and that the sale will not affect corporate governance or control.
4. Risk Disclosure
- Execution Uncertainty: Market conditions may affect the ability to execute the sale within the prescribed period.
- Control Risk: The reduction does not involve any change in the controlling shareholder structure.
- Investor Impact: While the plan is expected not to materially influence the company’s operations, investors are advised to monitor the sale for potential short‑term price volatility.
5. Related Corporate Activity
On 30 April 2026, the company issued a supplementary announcement regarding the use of partially idle proprietary funds for cash management. The notice, available in PDF format, provides details on the company’s short‑term liquidity strategy but does not affect the shareholding reduction plan.
6. Market Context
During the trading day of 28 April 2026, the Shanghai Composite Index closed at 4,078.64 points, slightly below its five‑day moving average. Among the 442 stocks that crossed the five‑day moving average, Chongqing Zaisheng Technology (603601) moved from 14.46 to 15.26 yuan, a rise of 5.54 % and a turnover of 21.82 %. The stock’s deviation from the moving average was 5.54 %, indicating a moderate upward momentum amid the broader market’s modest decline.
