000526SZSE

Announcement on Shareholder Reducing Holdings Below 5% and Change in Equity

✨ AI Summary

This announcement informs that Nanjing Xingnaheyuan Venture Capital Partnership has reduced its shareholding in Xueda Education to below 5%, holding 6,093,000 shares (4.99995% of total shares). The reduction was executed through centralized bidding and does not trigger a mandatory offer or change control of the company. The reduction aligns with previously disclosed plans and will not significantly impact the company's governance or ongoing operations.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Basic Information

  • Stock Code: 000526
  • Stock Abbreviation: Xueda Education
  • Announcement Number: 2026-024

Special Reminder:

  1. This equity change involves Nanjing Xingnaheyuan Venture Capital Partnership (hereinafter referred to as "Nanjing Xingnaheyuan"), a shareholder holding more than 5% of Xueda Education (hereinafter referred to as "the Company"), reducing its shareholding through centralized bidding. This does not trigger a mandatory offer, will not lead to a change in control of the Company, and will not have a significant impact on the Company's governance structure or ongoing operations.
  2. After this equity change, Nanjing Xingnaheyuan holds 6,093,000 shares of the Company, accounting for 4.99995% of the total share capital, and is no longer a shareholder holding more than 5% of the Company.
  3. This reduction plan has been pre-disclosed in accordance with relevant regulations and is consistent with the previously disclosed reduction plan, with no violations of the disclosed reduction plan or related commitments.

On February 4, 2026, the Company disclosed the "Pre-disclosure Announcement of Share Reduction by Shareholders Holding More than 5%" (Announcement Number: 2026-004). Nanjing Xingnaheyuan, which held 6,162,000 shares (5.06% of the total share capital), planned to reduce its holdings by no more than 609,305 shares (not exceeding 0.5% of the total share capital) within three months from the expiration of 15 trading days after the announcement date (from March 5, 2026, to June 4, 2026) through a combination of centralized bidding and block trading.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.