Shareholders and concerted actors of Hunan Kaimeite Gas plan to reduce their holdings by no more than 20.8604 million shares, accounting for 3% of the total share capital.

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Hunan Kaimet Gas Co., Ltd. (hereinafter referred to as “Kaimet Gas”) announced on March 13, 2026, that the company’s shareholders, Hunan Caixin Asset Management Co., Ltd. (hereinafter referred to as “Caixin Asset”) and its concerted action partner, Hunan Caixin Changqin Yihao Fund Partnership (Limited Partnership) (hereinafter referred to as “Changqin Yihao”), and Hunan Caixin Jingxin Investment Partnership (Limited Partnership) (hereinafter referred to as “Caixin Jingxin”), plan to reduce their holdings through centralized bidding and/or block trades, with a total reduction of no more than 20,860,400 shares, accounting for 3% of the company’s total share capital.

Subject of Reduction and Shareholding Status

According to the announcement, as of the date of this announcement, Caixin Asset, Changqin Yihao, and Caixin Jingxin collectively hold 42,916,900 shares of Kaimet Gas, accounting for 6.17% of the company’s total share capital of 695,347,900 shares, all of which are freely tradable shares. The specific shareholding and proposed reduction are as follows:

Details of the Reduction Plan

Reason for Reduction and Source of Shares

The announcement states that the reduction is due to “own funding needs” of Caixin Asset, Changqin Yihao, and Caixin Jingxin. The shares to be reduced are from shares held through agreement transfers.

Methods and Limits of Reduction

The shareholders plan to reduce holdings via centralized bidding and/or block trades. For the method of centralized bidding, the total shares reduced within any 90 consecutive natural days will not exceed 1% of the company’s total share capital; for block trades, the total within any 90 consecutive natural days will not exceed 2%.

Period and Price of Reduction

The reduction period is from 15 trading days after the disclosure of this reduction plan until three months later, i.e., from April 7, 2026, to July 6, 2026 (excluding periods prohibited by the China Securities Regulatory Commission and Shenzhen Stock Exchange regulations). The reduction price will be determined based on the secondary market price and trading method at the time of reduction, in compliance with relevant laws, regulations, and commitments.

Risk Warning and Impact

Kaimet Gas notes in the announcement that there is uncertainty regarding the timing, amount, and price of the reduction, as well as whether it will be completed as scheduled. However, since Caixin Asset and its concerted action partners hold a combined 6.17% of shares and are not the company’s controlling shareholders or actual controllers, this reduction will not lead to a change in the company’s control or affect its governance structure and ongoing operations.

The company’s board of directors stated that they will supervise relevant shareholders to strictly comply with laws, regulations, and normative documents during the implementation of the reduction plan and to fulfill information disclosure obligations in a timely manner. Investors can follow the company’s designated information disclosure media (Securities Daily, Securities Times, China Securities Journal, Shanghai Securities News, and Juchao Information Network) for updates.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have questions, contact biz@staff.sina.com.cn.

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