Letter from shareholders of Kanglong Chemical (03759), Zhonglongcheng plans to reduce the company's shares by no more than 16 million shares

According to Zhitong Finance App, Kanglong Huacheng (03759) issued an announcement. The company recently received a “Notice Letter on the Stock Reduction Plan” issued by Shenzhen Xinzhong Kangcheng Investment Partnership (Limited Partnership) (hereinafter referred to as “Xinzhong Kangcheng”), a shareholder holding 5% or more of the company's shares, and its co-actor, Shenzhen Xinzhong Longcheng Investment Partnership (Limited Partnership) (hereinafter referred to as “Xinzhong Longcheng”). Xinzhong Longcheng held 444.985 million shares of the company, accounting for 2.50% of the company's total share capital after deducting the repurchase of special account shares (that is, 1,778 billion shares). Xinzhong Longcheng plans to reduce its holdings of the company's shares by no more than 16 million shares (0.90% of the company's total share capital after deducting the repurchase of shares in the special account) within 3 months after 15 trading days (November 6, 2024) from the date of disclosure of this announcement by legal methods approved by the Shenzhen Stock Exchange, such as centralized bidding transactions or bulk transactions.