Baidagrou (600865): Shareholder Xizi United plans to reduce holdings by no more than 11.2872 million shares, accounting for 3% of total share capital

Log in to Sina Finance App and search for [Information Disclosure] to see more evaluation levels.

On March 20, 2026, Baida Group Co., Ltd. (hereinafter referred to as “Baida Group” or “the Company”) announced that Xizi United Holdings Co., Ltd. (hereinafter referred to as “Xizi United”), which holds more than 5% of the shares, plans to reduce its holdings by no more than 11,287,200 shares within the next three months due to its own funding needs, accounting for 3% of the total share capital.

Details of the reduction plan and shareholding status

The announcement shows that as of the disclosure date, Xizi United held 44,186,367 shares of Baida Group, accounting for 11.74% of the total share capital. Its concerted action partner, Chen Guihua, holds 12,249,742 shares, representing 3.26%. Together, they hold a total of 56,436,109 shares, accounting for 15.00% of the total share capital.

The concerted action relationship between Xizi United and Chen Guihua stems from the fact that Wang Shui Fu, the actual controller of Xizi United, is Chen Guihua’s spouse.

Specific contents of the reduction plan

According to the announcement, Xizi United’s reduction plan will be implemented within three months after the disclosure of this announcement, starting from 15 trading days after the announcement date, i.e., from April 14, 2026, to July 12, 2026. The reduction methods include centralized bidding transactions and block trades, with specific arrangements as follows:

The shares to be reduced are obtained by Xizi United through agreement transfers, and the reduction price will be determined based on the market price at the time of reduction. If the company undergoes share changes such as stock dividends or capital reserve fund transfers during this period, the number of shares to be reduced will be adjusted accordingly.

The announcement also mentions that Xizi United previously promised not to reduce its holdings from December 16, 2025, to March 15, 2026. This reduction plan is consistent with that commitment.

Risk reminder

Baida Group reminds that this reduction plan is implemented by Xizi United based on its own funding needs. The quantity and price of the reduction will be affected by market conditions, the company’s stock price, and other factors, and there is uncertainty involved. However, the company emphasizes that this reduction is a normal shareholder behavior and will not significantly impact the company’s governance structure or future sustainable operations, nor will it lead to a change in control.

Xizi United states that during the implementation of the reduction plan, it will strictly comply with laws and regulations such as the Securities Law and the “Interim Measures for the Management of Shareholders’ Reduction of Listed Companies,” and will fulfill its information disclosure obligations in a timely manner.

Market analysts point out that the shareholder’s reduction plan may exert some short-term pressure on the stock price, but a comprehensive judgment should consider the company’s fundamentals and the overall market environment. Investors are advised to pay attention to the progress of the reduction and the company’s operational developments.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have any questions, please contact biz@staff.sina.com.cn.

Click to view the original announcement>>