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Kuncai Tech's controlling shareholder Xie Bingkun terminates share reduction plan, sells zero shares
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Kun Cai Technology announced that its controlling shareholder and actual controller, Xie Bingkun, has decided to terminate his share reduction plan early. The plan, originally scheduled to run from July 13, 2026, to October 12, 2026, would have allowed Xie to reduce his holdings by up to 25.5528 million shares, representing no more than 3% of the company's total share capital. As of September 22, 2026, Xie had not implemented any reduction and still held 417 million shares, accounting for 48.9494% of the company. The decision to terminate the plan early was made voluntarily by Xie.
Source report
FUZHOU, China — KunCai Technology Co., Ltd. (the "Company") announced today that its controlling shareholder and actual controller, Xie Bingkun, has decided to terminate his previously announced share reduction plan ahead of schedule.
Original Reduction Plan
Mr. Xie had originally planned to reduce his holdings in the Company during the period from July 13, 2026, to October 12, 2026, with a maximum reduction of 25,552,800 shares, representing no more than 3% of the Company's total share capital.
Status as of September 22, 2026
As of September 22, 2026, Mr. Xie had not implemented any share reduction. His current shareholding stands at 417 million shares, accounting for 48.9494% of the Company's total equity.
Decision
Mr. Xie has decided to terminate the share reduction plan early, effective as of the announcement date.
Source
证券之星-股市直击Neutral / independent