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Oriental Electric: Controlling shareholder plans to reduce the company's shareholding by 1.30%

Jin10 News, on December 23rd, Dongfang Electric Heating announced that the company’s controlling shareholder and actual controller Tan Wei and Tan Ke plan to reduce their holdings by no more than 19.28 million shares, accounting for 1.30% of the total share capital of the company, through centralized bidding or block trading between January 15, 2025, and April 14, 2025. The reduction price will be determined based on the market price, and the shares to be reduced are from the issuance of shares to specific entities in 2020, IPO, and capital increase. This reduction will not result in a change in the company’s control.

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