Cambridge Technology Executives Announce Share Reduction Plans

Stock News
04/24

CIG (06166) has issued an announcement stating that Mr. Zhang Jie, Mr. Zhao Hongwei, and Mr. Cheng Gucheng intend to reduce their shareholdings in the company through centralized bidding transactions. The sales are scheduled to commence after a 15-trading-day pre-disclosure period. According to the plan, Mr. Zhang Jie will sell no more than 27,375 shares, representing approximately 0.008% of the company's total shares. Mr. Zhao Hongwei plans to divest up to 14,150 shares, equivalent to 0.004% of the total equity, while Mr. Cheng Gucheng intends to reduce his holdings by no more than 9,375 shares, accounting for 0.003% of the company's shares. The selling price will be determined by market rates but will not fall below the stock's issue price. Should corporate actions such as dividend distributions, bonus issues, or rights offerings occur during the planned reduction period, both the number of shares and the selling price will be adjusted accordingly. As of the announcement date, Director Zhang Jie holds 109,500 shares, constituting 0.031% of the company's total 353 million shares. Director Zhao Hongwei owns 56,600 shares, representing 0.016% of the equity, and Mr. Cheng Gucheng, who serves as Deputy General Manager and Chief Financial Officer, holds 37,500 shares, equivalent to 0.011% of the total. These shares were acquired through equity incentive plans and previous market transactions and are all unrestricted tradable shares.

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