---
title: "XINGYE TECH.: Major shareholder reduced holdings by 8.8665 million shares, reduction plan completed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277176716.md"
description: "XINGYE TECH. announced that its major shareholder Chunhong Investment has completed its reduction plan, reducing its holdings by 8.8665 million shares, accounting for 3% of the total share capital. As of February 26, 2026, Chunhong Investment reduced its holdings by 2.9555 million shares through centralized bidding transactions at an average price of 14.51 yuan/share; and reduced 5.911 million shares through block trading at an average price of 12.73 yuan/share. After the reduction, Chunhong Investment's holdings decreased to 22.5975 million shares, accounting for 7.65%. This reduction was compliant and did not affect the company's control and governance"
datetime: "2026-02-27T09:54:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277176716.md)
  - [en](https://longbridge.com/en/news/277176716.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277176716.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277176716.md) | [繁體中文](https://longbridge.com/zh-HK/news/277176716.md)


# XINGYE TECH.: Major shareholder reduced holdings by 8.8665 million shares, reduction plan completed

XINGYE TECH. announced that the major shareholder Chunhong Investment's reduction plan has been completed. In 2025, a pre-disclosure announcement of the reduction will be made, planning to reduce no more than 8.8665 million shares, accounting for 3% of the total share capital. As of the close on February 26, 2026, 2.9555 million shares were reduced through centralized bidding, accounting for 1%, at an average price of 14.51 yuan/share; 5.911 million shares were reduced through block trading, accounting for 2%, at an average price of 12.73 yuan/share. After the reduction, Chunhong Investment's shareholding decreased to 22.5975 million shares, accounting for 7.65%. This reduction was not in violation of regulations, did not lead to a change in the company's control, and does not affect the company's governance and operations

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