Jack Sewing Machine shareholders plan share reduction

Jack Sewing Machine Co., Ltd. (SSE:603337) announced that shareholders Zhao Xinqing and Che Jianbo intend to reduce their holdings in the company through centralized bidding due to personal fund needs. Zhao Xinqing, holding 1,359,534 shares (0.2814%), plans to reduce no more than 1,080,984 shares. Che Jianbo, holding 550,700 shares (0.1140%), plans to reduce no more than 550,700 shares. The reduction period is from March 31, 2025, to June 30, 2025, with the price determined by market conditions. The total reduction will not exceed 0.3378% of the company's total share capital. Both shareholders have committed to price floors in the past. The company will monitor the implementation and fulfill information disclosure obligations.