---
title: "GAD Environmental: Actual controller reduces holdings by 2.9974%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/256544389.md"
description: "GAD Environmental announced that the actual controller Kong Xiongjun reduced his holdings by 2,999,500 shares through centralized bidding and block trading, accounting for 2.9974% of the existing total share capital. After the reduction, Kong Xiongjun's shareholding decreased to 10,602,000 shares, accounting for 10.59%. The combined shareholding ratio of the controlling shareholder and concerted parties decreased from 38.58% to 35.59%"
datetime: "2025-09-09T11:13:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256544389.md)
  - [en](https://longbridge.com/en/news/256544389.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256544389.md)
---

# GAD Environmental: Actual controller reduces holdings by 2.9974%

GAD Environmental announced that as of September 5, 2025, the actual controller Kong Xiongjun completed the reduction plan through centralized bidding and block trading. During the period from June 16, 2025, to August 22, 2025, he reduced his holdings by 999,500 shares through centralized bidding, accounting for 0.9988% of the existing total share capital; from September 4, 2025, to September 5, 2025, he reduced his holdings by 2 million shares through block trading, accounting for 1.9986% of the existing total share capital; a total reduction of 2,999,500 shares, accounting for 2.9974% of the existing total share capital. After this reduction, Kong Xiongjun's shareholding decreased to 10.59 million shares, accounting for 10.59%. The combined shareholding ratio of the controlling shareholder and concerted parties decreased from 38.58% to 35.59%

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