Guangdong Xinhongze Packaging Co., Ltd.
Announcement on Pre-disclosure of Proposed Share Reduction by Controlling Shareholder
The controlling shareholder, Yize Holdings Co., Ltd., guarantees that the information provided to this company is true, accurate, and complete, and contains no false records, misleading statements, or material omissions. The company and all members of the board of directors guarantee that the announcement content is consistent with the information provided by the information disclosure obligor.
Special Reminder: The controlling shareholder, Yize Holdings Co., Ltd. (hereinafter referred to as "Yize Holdings"), which holds 140,037,480 shares of Guangdong Xinhongze Packaging Co., Ltd. (hereinafter referred to as "the Company") (accounting for 60.78% of the Company's total share capital, or 62.13% of the total share capital excluding shares held in the repurchase account), plans to reduce its holdings by a total of no more than 6,761,934 shares through centralized bidding and block trading within 3 months from 15 trading days after the disclosure of this announcement. The reduction ratio will not exceed 3.00% of the Company's total share capital (excluding shares held in the repurchase account). Among these, centralized bidding transactions will reduce no more than 2,253,978 shares, accounting for no more than 1.00% of the Company's total share capital (excluding shares held in the repurchase account); block trading transactions will reduce no more than 4,507,956 shares, accounting for no more than 2.00% of the Company's total share capital (excluding shares held in the repurchase account).
The company recently received the "Notice of Share Reduction Plan" from its controlling shareholder, Yize Holdings. The specific situation is hereby announced as follows:
I. Shareholder Basic Information
Yize Holdings is the controlling shareholder of the Company. It holds 140,037,480 shares of the Company, accounting for 60.78% of the Company's total share capital, or 62.13% of the total share capital excluding shares held in the repurchase account.
II. Main Contents of This Share Reduction Plan