Mingpai Jewelry (002574) announced on the evening of the 19th that the company's shareholder Yongsheng International Investment Group Co., Ltd. ("Yongsheng International") reduced its shareholding in the company's shares on 5,500,550,000 shares, accounting for 2.11% of the company's total share capital. Earlier on August 13, the company's shareholder Xinjiang Equity Investment Management Co., Ltd. (referred to as "carrying investment") has reduced the company's stock by 6,944,700 shares, accounting for 2.89% of the company's total share capital. Yongsheng International and China Merchants Bank reduced the company's total share capital by 5%.
Yongsheng International, China Merchants Investment Co., Ltd., the controlling shareholder of Zhejiang Riyue Jewelry Group Co., Ltd. (“Sun Moon Groupâ€), the controlling shareholder of the company. After the above reduction, Yan Awu and Rene Furong’s father and son passed the 56.76% stake in Sun Moon Group, Yongsheng International and Riyue Holdings, and remained the actual controller of the company.
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