Youfa Group: Pre-disclosure Announcement Regarding Directors' Reduction of Share Holdings

NightAirdropper · 2026-03-19T02:43:23+00:00

Youfa Group announced that director Zhang Deggang plans to reduce his shareholding by no more than 3,062,500 shares within 3 months due to capital requirements, representing 0.21% of total share capital. The reduction will be conducted through centralized competitive bidding or block trading, with the reduction price determined by market conditions. If there are any ex-rights events during this period, the share count will be adjusted accordingly.

NightAirdropper

2026-03-19 02:43:23

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Securities Daily News reported that on March 16, Youfa Group announced that as of the date of this announcement, Mr. Zhang Degang, a director of the company, holds 12,250,000 shares, accounting for 0.83% of the company’s total share capital. Due to personal funding needs, Mr. Zhang Degang plans to reduce his holdings within three months after the disclosure of the reduction plan, through centralized bidding or block trading, by no more than 3,062,500 shares, representing 0.21% of the company’s total share capital and 25% of his holdings. The reduction price will be determined based on the market price. If during the reduction period the company distributes dividends, issues bonus shares, increases capital, or conducts rights issues or other ex-dividend/ex-rights activities, the number of shares to be reduced will be adjusted accordingly. If a window period prescribed by laws and regulations occurs during this reduction period, no reduction will be made.

(Edited by Ren Shibi)

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