Shenzhen Keanda Electronic Technology Corporation announced on September 29 that controlling shareholder Guo Fengming has decided to terminate the previously disclosed share reduction plan ahead of schedule, and did not sell any company shares during the reduction period. The company had pre-disclosed on June 10, 2026, that Guo Fengming planned to reduce his holdings by no more than 7,345,264 shares, or no more than 3 percent of the company's total share capital, through centralized bidding and block trading within three months starting 15 trading days after the announcement. As of the disclosure date, Guo Fengming's shareholding count and percentage remain unchanged, with a total of 108,302,996 shares held, representing 44.02 percent of total share capital. Of these, 83,027,944 shares are subject to selling restrictions, representing 33.75 percent of total share capital, and 25,275,052 shares are unrestricted, representing 10.27 percent of total share capital. The announcement stated that the share reduction plan had been pre-disclosed as required, and there was no violation of previously disclosed intentions, commitments, or the reduction plan. The company said the early termination of the share reduction plan will not lead to a change in company control, and will not have a material impact on the company's governance structure or ongoing operations.
Shenzhen Keanda Electronic TechnoControlling shareholder Guo Fengming terminated the share reduction plan early and sold no shares, removing a planned 3% overhang.
Controlling shareholder Guo Fengming terminated the share reduction plan early and sold no shares, removing a planned 3% overhang.
