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Yu Zhiyong, vice president of Tianwei Food, reduces holdings and cashes out about 16.08 million yuan


2020-07-21 21:04:23Beijing News reporter: Liu Huan Editor: Li Yan
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Yu Zhiyong, vice president of Tianwei Food, reduces holdings and cashes out about 16.08 million yuan

2020-07-21 21:04:23Beijing News reporter: Liu Huan

Beijing News (Reporter Liu Huan) On July 21, Sichuan Tianwei Food Group Co., Ltd. (referred to as “Tianwei Food”) issued an announcement stating that its director and vice president Yu Zhiyong will be between May 20 and 27. Reduced its holdings of approximately 347,600 shares and realized a total of RMB 16.0859 million. Yu Zhiyong has decided to terminate the shareholding reduction plan ahead of schedule, and only 375 shares remain unfinished.

According to the announcement, on April 22, 2020, Tianwei Food issued an announcement stating that Yu Zhiyong plans to reduce his holdings of 240,000 shares through centralized bidding or block trading between May 19 and November 13, 2020. More than 0.0581% of the company’s total share capital. However, since Tianwei Food was converted into share capital during the implementation of the share reduction plan, Yu Zhiyong adjusted the number of shares to no more than 348,000 shares based on changes in share capital.

According to the announcement, Yu Zhiyong reduced his holdings of approximately 347,600 shares through a centralized bidding method from May 20 to 27, and realized a total of RMB 16,085,900. The remaining 375 shares of this share reduction plan have not yet been implemented. Yu Zhiyong decided to terminate this share reduction plan ahead of schedule, and the shares that have not been reduced will not be reduced during the original shareholding reduction plan. After this reduction, Yu Zhiyong holds approximately 1,290,800 shares, with a shareholding ratio of 0.2148%.

According to public information, Tianwei Food was established in 2007 and went public in April 2019. Its main business is to engage in the research and development, production and sales of Sichuan-flavored compound seasoning. The main products are hot pot base, Sichuan cuisine, spicy sauce, sweet noodle sauce, sausage and bacon seasoning, and chicken essence.

Beijing News reporter Liu Huan

Editor Li Yan proofreads Li Xiangling

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