According to the disclosure, the reason for the reduction was due to the self-funding requirements of the Shaanxi Guoxin Qixin Equity Investment Fund (Limited Partnership) of Shaanxi International Trust. Shaanxi International Trust held a total of 14,450,000 shares of Zhao Yichuang, accounting for 7.13% of the company's total share capital. Upon completion of this reduction, Shaanxi International Trust will withdraw from the top five shareholders of Siu Yi Innovation.
Previously in August 2017, the shareholding of the 16 sponsors of Chaoyi Innovation Co., Ltd., which holds approximately 48.03% of the total issued shares, was lifted from the stock market. Zhu Yiming, the actual controller of the company, increased its shareholding in the company, while the National Fund and Shaanxi International Trust passed The transfer of the agreement to transfer part of the promoter's shares, the shareholding ratio reached 11.00% and 7.13%, respectively, became the company's second largest and the fifth largest shareholder. Zhao Yi innovation announced that Shaanxi International Trust does not belong to the company's controlling shareholder, actual control People, The implementation of this reduction plan will not have a significant impact on corporate governance structure, shareholding structure and continuing operations.