---
title: "Topsec: Shareholder Zheng Zhongnan plans to reduce his holdings by no more than 3% of the company's shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252504837.md"
description: "Topsec announced that major shareholder Zheng Zhongnan, who holds more than 5% of the shares, possesses 84.9289 million shares, accounting for 7.30% of the company's total share capital. Due to personal funding needs, he plans to reduce his holdings through block trades by no more than 23.2641 million shares, accounting for 2%, from the 15 trading days following the announcement date until December 2, 2025; and through centralized bidding by no more than 11.632 million shares, accounting for 1%. The total reduction in shares will not exceed 34.8961 million shares, accounting for 3%, with the reduction price determined by the secondary market price at the time of the reduction"
datetime: "2025-08-11T12:47:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252504837.md)
  - [en](https://longbridge.com/en/news/252504837.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252504837.md)
generator: "portal-rs"
---

# Topsec: Shareholder Zheng Zhongnan plans to reduce his holdings by no more than 3% of the company's shares

Topsec announced that shareholder Zheng Zhongnan, who holds more than 5% of the shares, owns 84.9289 million shares, accounting for 7.30% of the company's total share capital. Due to personal funding needs, he plans to reduce his holdings through block trades by no more than 23.2641 million shares, accounting for 2%, from the 15 trading days after the announcement date until December 2, 2025; and through centralized bidding by no more than 11.632 million shares, accounting for 1%; with a total reduction of no more than 34.8961 million shares, accounting for 3%. The reduction price will be determined based on the secondary market price at the time of the reduction

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