BENEFO announced that its shareholder Xin Hao Investment plans to reduce its holdings by no more than 21.7547 million shares, accounting for 2% of the company's total share capital, through centralized bidding and block trading due to operational planning needs. The reduction plan will be implemented within three months after 15 trading days from the date of the announcement. Xin Hao Investment currently holds 24.2678 million shares of the company, accounting for 2.23% of the total share capital, with shares sourced from block trading, centralized bidding, and capital reserve conversion to share capital. Xin Hao Investment is a concerted actor of the company's indirect controlling shareholder BENEFO Equipment Group and the controlling shareholder Hydraulic Group, collectively holding 630 million shares of the company, accounting for 57.92% of the total share capital
