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KCTECH has disclosed that Shenzhen Xiaonaguang Laboratory Investment Enterprise (Limited Partnership), a significant associate of the company's actual controller, plans to reduce its stake by selling no more than 1 million shares of the company. This reduction will be executed through centralized bidding transactions within a three-month period, starting fifteen trading days after the announcement date. The shares to be sold constitute no more than 0.28% of the company's total share capital. As of the announcement date, Xiaonaguang possesses 18.8559 million shares, representing 5.36% of the total share capital, all of which were acquired prior to the company's Initial Public Offering (IPO). It is important to note that this stake reduction will not lead to any alterations in the company's controlling shareholder or actual controller.
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