Gelonghui, November 25 | Xianglu Tungsten Industry (002842.SZ) announced that today the company received notification letters from Chen Weidong, Qilong Trading and their co-actors Chen Weier and Chen Qifeng. As of the disclosure date of this announcement, the current holdings reduction plan has been implemented.
On November 24, 2021 and November 25, 2021, Qilong Trading and Chen Weidong reduced their holdings by a total of 5,460,000 shares through bulk transactions, accounting for 1.97% of the company's total share capital (277,671,652 shares) on November 23, 2021.
In addition, Chen Weidong, Kai Lung Trading and their co-actors, Chen Weier, and Chen Qifeng, passively diluted 0.70% due to convertible debt-to-equity swaps and the completion of the 2021 Restricted Stock Incentive Plan for the first time, resulting in a total change of more than 1%.