Kangde Xin Composite Materials Group Co., Ltd. (hereinafter referred to as "Kangde Xin" or "the Company") recently received a notification letter from its major shareholder, Zhejiang Zhongtai Chuangying Asset Management Co., Ltd. (hereinafter referred to as "Zhongtai Chuangying"), regarding the complete divestment of all shares in Kangde Xin. Zhongtai Chuangying reduced its holdings by 87,383,743 shares and 186,981,656 shares through centralized trading on the stock exchange on May 25 and May 26, 2021. After this equity change, Zhongtai Chuangying no longer holds any shares in the Company. The specific details of the equity change are as follows:
002450SZSE
Announcement on Changes in Shareholder Equity
✨ AI Summary
This announcement informs that Zhejiang Zhongtai Chuangying Asset Management Co., Ltd., a major shareholder, has completely divested its shares in Kangde Xin Composite Materials Group Co., Ltd. The divestment occurred on May 25 and 26, 2021, totaling 274,365,399 shares, representing a 7.75% stake. Following this transaction, Zhongtai Chuangying no longer holds any shares in the company.
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