---
title: "Skychem Technology: Ruixing Phase II plans to reduce its holdings by no more than 1.68% of shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257523907.md"
description: "Skychem Technology announced that its shareholder, RuiXing Phase II, plans to reduce its holdings by no more than 1.68% of shares, totaling 2.0958 million shares, through block trades and centralized bidding from September 23, 2025, to December 22, 2025, due to the shareholder's funding needs. This reduction is a normal activity and will not have a significant impact on the company's governance and operations, but there are uncertainties in the market and stock price"
datetime: "2025-09-16T10:39:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257523907.md)
  - [en](https://longbridge.com/en/news/257523907.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257523907.md)
---

# Skychem Technology: Ruixing Phase II plans to reduce its holdings by no more than 1.68% of shares

Skychem Technology announced that its shareholder, RuiXing Phase II, plans to reduce its holdings in the company by no more than 2.0958 million shares through block trades and centralized bidding from September 23, 2025, to December 22, 2025, accounting for no more than 1.68% of the company's total share capital. The reason for the reduction is the shareholder's own funding needs. RuiXing Phase II currently directly holds 2.0958 million shares of Skychem Technology, accounting for 1.68% of the company's total share capital. This reduction plan is a normal reduction behavior and will not have a significant impact on the company's governance structure and ongoing operations. The uncertainties in implementing the reduction plan include market conditions and the company's stock price, with uncertainties regarding the quantity, timing, and price of the reduction

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