Company Announcement: Kosda (002518) Notifies Completion of Share Reduction Plan by Major Shareholder
Date: September 26, 2025
Shenzhen Kosda Technology Co., Ltd. (hereinafter referred to as “the Company”) has released an announcement regarding the major shareholder’s completion of share reduction that has reached a 1% threshold.
The major shareholder, Ningbo Kosda Venture Investment Partnership (Limited Partnership), assures that the information provided to the Company is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The Company and its Board of Directors confirm that the announcement content aligns with the information disclosed by the obligated party.
On July 10, 2025, the Company disclosed a pre-announcement of the major shareholder’s share reduction plan on the Giant Tide Information Network (Announcement No. 2025-018). Ningbo Kosda planned to reduce its holdings through block trading or centralized bidding by a maximum of 5,822,200 shares, accounting for 1% of the Company’s total shares, within three months following the announcement.
On September 26, 2025, the Company received a notification from Ningbo Kosda indicating that from August 29 to September 26, 2025, it had cumulatively reduced its holdings by 5,822,200 shares through centralized bidding, which accounted for 1% of the total shares. Consequently, the total number of shares held by Ningbo Kosda decreased from 357,291,610 to 351,469,410, with a reduction in ownership percentage from 61.37% to 60.37%. The details of the share change are as follows:
1. Details of the Share Reduction
Obligated Party: Ningbo Kosda Venture Investment Partnership (Limited Partnership)
Address: Room A1253-6, No. 111, Binhai South Road, Daxie Street, Beilun District, Ningbo City, Zhejiang Province
Share Change Period: August 29, 2025, to September 26, 2025
Share Reduction Process: The major shareholder reduced its holdings by 5,822,200 shares through centralized bidding during the specified period.
Stock Name: Kosda
Stock Code: 002518
Change Direction: Decrease
Is the First Major Shareholder or Actual Controller? No
2. Share Reduction Situation
Share Type: Reduced Shares
Number of Shares Reduced: 5,822,200 shares
Reduction Percentage: 1%
Method of Share Reduction: Through the stock exchange’s centralized trading
3. Shareholding Situation Before and After the Reduction
| Shareholder Name | Share Type | Shares Held Before Reduction | Shares Held After Reduction |
|---|---|---|---|
| Ningbo Kosda | Common Shares | 336,284,260 (57.76%) | 330,462,060 (56.76%) |
The total number of shares held by the major shareholder decreased from 357,291,610 (61.37%) to 351,469,410 (60.37%).
4. Commitments and Plans Compliance
This reduction is consistent with the previously disclosed plan. The number of shares reduced falls within the disclosed plan range, and there are no violations of the commitments made.
5. Restricted Voting Rights
In accordance with Article 63 of the Securities Law, there are no shares that cannot exercise voting rights.
6. Additional Information
This share reduction complies with the relevant laws and regulations, and there are no violations. The reduction plan has been pre-disclosed and is completed as per the announcement.
7. Documents for Reference
- Shareholding Change Details from China Securities Depository and Clearing Corporation Limited
- Relevant Written Commitment Documents
- Written Opinions from Legal Advisors
- Other documents required by the Shenzhen Stock Exchange
Note: The total shareholding percentages may have rounding discrepancies.
This announcement serves to inform stakeholders about the completion of the share reduction plan.
Shenzhen Kosda Technology Co., Ltd.
Date: September 26, 2025
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/kostad-holdings-completes-1-stake-reduction-by-major-shareholder/
