Smoore shareholder reduction plan expires, new plan announced

Smoore International Holdings (HKEX:6969) announced that the previous plan by its controlling shareholder, EVE Energy, to reduce its shareholding by up to 3.5% has expired without any actual reduction. EVE Energy, through its subsidiary EVE Battery Investment Ltd., now has a new board approval granted June 16, 2025 for a similar reduction plan of up to 3.5% (approximately 216.58 million shares) of Smoore's total issued shares, to be implemented within one year. As of June 16, 2025, EVE Battery holds 1,901,520,000 shares, representing approximately 30.73% of Smoore. If EVE Energy completes the sale of the new 3.5%, it will cease to be a controlling shareholder. Smoore advises investors to exercise caution and seek professional advice. This is the third consecutive year EVE Energy has announced a similar plan.