On December 19, Gelonghui reported that UE Furniture (603600.SH) announced that due to its own funding needs, Shareholder and Director Mr. Ruan Zhengfu and Xuan Yuan Ke Xin No. 173 Fund plan to collectively reduce their holdings by no more than 4,874,700 shares, which is no more than 1.47% of the total share capital of the company. If there are changes in the number of shares, such as stock dividends or capitalization changes during the planned reduction period, Mr. Ruan Zhengfu and Xuan Yuan Ke Xin No. 173 Fund will adjust the number of shares to be reduced accordingly.
The period for Mr. Ruan Zhengfu and Xuan Yuan Ke Xin No. 173 Fund to reduce their holdings through centralized bidding or block trading is within three months from 15 trading days after the announcement is made. During this period, if a window period stipulated by laws and regulations occurs, Mr. Ruan Zhengfu and Xuan Yuan Ke Xin No. 173 Fund will not reduce their holdings. If the centralized bidding method is used, the total number of shares reduced within any consecutive 90 calendar days shall not exceed 0.99% of the total number of company shares; if the block trading method is used, the total number of shares reduced within any consecutive 90 calendar days shall not exceed 0.48% of the total number of company shares. The aforementioned methods of reduction will be executed by Mr. Ruan Zhengfu and Xuan Yuan Ke Xin No. 173 Fund based on actual circumstances, and the reduction price will be determined according to the market price and relevant regulations at the time of the reduction.
