Tengyuan Cobalt received a commitment from the controlling shareholder and actual controller not to reduce their holdings
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Tengyuan Cobalt announced that the controlling shareholders and actual controllers Luo Jie, Xie Fubiao, and Wu Yanghong promised not to reduce their holdings of the company's shares within 12 months starting from September 22, 2025, including new shares generated from capital reserve transfers and stock dividends. If this commitment is violated, the proceeds from the reduction will belong to the company
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