Yinbang Co., Ltd.: Shareholders holding more than 5% of the shares reduce their holdings, and the shareholding ratio drops to 9%.

date
23/06/2026
Yinbang Corporation announced that its shareholder, Wuxi Xinbang Technology Co., Ltd., holding more than 5% of the company's shares, reduced its holdings by 8,202,800 shares through centralized bidding and block trading from June 22 to June 23, 2026, reducing its stake to 9%, reaching a multiple of 1%. This reduction is in line with the previously disclosed reduction plan, which has not yet been fully implemented. Xinbang Technology is a non-controlling shareholder and the actual controller of the company, and this equity change will not lead to a change in the company's controlling interest or affect its governance structure and ongoing operations.