Willfar Information shareholders reduce stake, completing share reduction plan

Willfar Information Technology announced that shareholders Zou Qiming and Chen Jun have completed their previously disclosed share reduction plan. Zou Qiming reduced his holdings by 3,728,100 shares, representing 0.76% of the company’s total share capital, through a combination of block trades and trading, executed at prices between CNY34.23 and CNY40.19 per share, realizing a total of CNY133,344,280.81. Chen Jun reduced his holdings by 3,999,980 shares, representing 0.81% of total share capital, through trading at prices between CNY36.19 and CNY40.66 per share, for a total of CNY152,330,841.90. Following these transactions, Zou Qiming holds 6.66% and Chen Jun holds 1.04% of Willfar's total share capital. The reduction plan, initiated in early January, concluded on April 3, 2025, with the shareholders not fully utilizing the maximum allowable reduction.