---
title: "One of the controlling shareholders of FPI, Ruiyang Technology, plans to passively reduce its holdings by no more than 4.4873 million shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/248987836.md"
description: "One of the controlling shareholders of FPI, Ruiyang Technology, plans to passively reduce its holdings by no more than 4.4873 million shares, accounting for approximately 1% of the company's total share capital, due to a default on a margin financing contract. As of the announcement date, Ruiyang Technology holds 57.6507 million shares of the company, of which 11.3 million shares are held through CITIC Securities. The total reduction amount is expected to be no more than 30 million yuan"
datetime: "2025-07-17T13:12:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/248987836.md)
  - [en](https://longbridge.com/en/news/248987836.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/248987836.md)
generator: "portal-rs"
---

# One of the controlling shareholders of FPI, Ruiyang Technology, plans to passively reduce its holdings by no more than 4.4873 million shares

According to the Zhitong Finance APP, FPI (300203.SZ) announced that the company recently received a notice from one of its controlling shareholders, Ruiyang Technology. Due to Ruiyang Technology's overdue default on the margin financing and securities lending contract with CITIC Securities, part of the shares it holds in the company will be forcibly liquidated by CITIC Securities Co., Ltd. The planned passive reduction of the company's shares will not exceed 4.4873 million shares, accounting for no more than 1% of the company's total share capital.

As of the date of this announcement, Ruiyang Technology holds 57.6507 million shares of the company (accounting for 12.85% of the company's total share capital), of which 11.3 million shares are held through the margin trading collateral securities account with CITIC Securities Co., Ltd. (the principal of the financing, including handling fees, totals RMB 22.5268 million, excluding interest and penalties, with an estimated total reduction amount not exceeding RMB 30 million)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**