Three A-Share Firms Announce Share Reduction Plans on Same Day

By Zhang Yiming | Editor: Chen Junjie

On the evening of September 27, three listed companies — Skyverse Technology (SH688361), Hedata Technology (SH688296), and Hongyu Co., Ltd. (SZ002890) — disclosed plans for share reductions by shareholders or senior executives.

• Skyverse Technology: A person acting in concert with the actual controller plans to reduce holdings by no more than 1 million shares.
• Hedata Technology: A shareholder and a director plan to reduce holdings by a combined total of no more than 5.09 million shares.
• Hongyu Co., Ltd.: A senior executive plans to reduce holdings by no more than 1 million shares.

In terms of stock performance, the three companies have shown divergent trends this year. Skyverse Technology and Hedata Technology have both more than doubled in value year-to-date, while Hongyu Co., Ltd. has seen relatively moderate gains.

Skyverse Technology: Person Acting in Concert with Actual Controller Plans to Reduce Holdings by No More Than 1 Million Shares

According to Skyverse Technology's announcement, Shenzhen Xiaonao Laboratory Investment Enterprise (Limited Partnership) (hereinafter referred to as "Xiaonao"), a person acting in concert with the company's actual controller, directly holds 18.8559 million shares, representing 5.36% of the company's total share capital. All of these shares were obtained prior to the company's initial public offering and became tradable on May 19, 2026.

Due to its own capital arrangement needs, Xiaonao plans to reduce its holdings by no more than 1 million shares via centralized竞价 trading, accounting for no more than 0.28% of the company's total share capital. The reduction period will be from October 26, 2026, to January 25, 2027, i.e., within three months after the fifteenth trading day following the announcement.

The announcement states that this reduction will not result in a change of the company's controlling shareholder or actual controller, nor will it have a significant impact on the company's sustained and stable operations. As of the disclosure date, the company has no major negative matters or significant risks.

Notably, the company disclosed its 2023 annual report in April 2024. Both net profit attributable to the parent company's shareholders and net profit after deducting non-recurring gains and losses were positive for 2023, meeting the criteria of "first-time profitability for a company that was unprofitable at the time of listing." As a result, the controlling shareholder, actual controller, and persons acting in concert are all eligible to reduce their shareholdings.

Hedata Technology: Shareholder and Director Plan to Reduce Holdings; Hongyu Co., Ltd.: Senior Executive Plans Reduction

Hedata Technology announced that Gongqingcheng Dongxing Boyuan Investment Center (Limited Partnership) (hereinafter referred to as "Dongxing Boyuan") holds 4.9781 million shares, representing 4.64% of the company's total share capital. Due to the upcoming expiration of its存续 period and its own capital needs, Dongxing Boyuan plans to reduce its holdings by no more than 4.9781 million shares (i.e., no more than 4.64% of total share capital) through centralized bidding and block trading.

Additionally, company director Wang Xiaopeng, due to personal capital needs, plans to reduce his holdings by no more than 108,750 shares via centralized bidding, accounting for no more than 0.10% of total share capital.

Dongxing Boyuan is a venture capital fund registered with the Asset Management Association of China and has successfully applied for special provisions and implementation rules applicable to venture capital fund shareholders for share reductions.

Hongyu Co., Ltd. announced that senior executive Liu Zhihong holds 4.2996 million shares, representing 2.53% of the company's total share capital. Due to personal capital needs, he plans to reduce his holdings by no more than 1 million shares (0.59% of total share capital) via centralized bidding, with the reduction period from October 26, 2026, to January 25, 2027.

Both companies stated in their announcements that these reductions will not result in a change of control and will not affect the companies' ongoing operations.

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Cover image source: Zhu Yu