On April 19, 2024, Jiawei Renewable Energy (stock code: 300317.SZ) announced that its shareholder, Shanghai Chuyang Photovoltaic Electric Power Co., Ltd. (hereinafter referred to as "Shanghai Chuyang"), who holds more than 5% of the company's shares, is planned to be disposed of for breach of stock pledge, and the pledgee Zhejiang Shangjin Hui Trust Co., Ltd. (hereinafter referred to as "Zhejiang Shangjin Hui Trust") will be forced to reduce their holdings of the company's shares. They plan to reduce their holdings of no more than 24,817,170 shares through centralized bidding or block trade, with the proportion of shareholding not exceeding 3% of the total number of the company's shares.
As of the disclosure date of this announcement, Shanghai Chuyang's above-mentioned reduction plan has expired, and a total of 22,400 shares of the company's stocks have been reduced, with a reduction rate of 0.0027%.
