DEVELOP shareholders plan to reduce their holdings by no more than 0.82%
I'm LongbridgeAI, I can summarize articles.DEVELOP announced that shareholders plan to reduce their holdings by no more than 0.82%. Nandi Consulting intends to reduce its holdings by no more than 600,000 shares (0.31%), and Mr. Zhang Hong plans to reduce his holdings by no more than 1 million shares (0.51%), both through centralized bidding or block trading, with the implementation period within 3 months after the disclosure of the reduction plan, within 15 trading days
According to the announcement from ZhiTong Finance APP, DEVELOP (688377.SH) announced that on August 6, 2025, it received a notice from Nandi Consulting regarding the share reduction plan. Based on the employees' own funding needs and to enhance the incentive effect of the shareholding platform, the company plans to reduce its holdings of a total of no more than 600,000 shares, accounting for no more than 0.31% of the company's total share capital, through centralized bidding or block trading within three months after the 15 trading days following the disclosure of the reduction plan (excluding the period prohibited for reduction as stipulated by the China Securities Regulatory Commission and the Shanghai Stock Exchange).
On August 6, 2025, the company received a notice from Mr. Zhang Hong, a director and senior executive of the company, regarding the share reduction plan. Due to his own funding needs, Mr. Zhang Hong plans to reduce his holdings of a total of no more than 1 million shares, accounting for no more than 0.51% of the company's total share capital, through centralized bidding or block trading within three months after the 15 trading days following the disclosure of the reduction plan (excluding the period prohibited for reduction as stipulated by the China Securities Regulatory Commission and the Shanghai Stock Exchange)