Ningbo Techmation shareholder stake nears 1% reduction

RED FACTOR LIMITED, the controlling shareholder of Ningbo Techmation, along with its affiliated party, Ningbo Bangbang Mang Trade Co., Ltd., decreased their combined stake in the company, triggering a mandatory announcement. Between July 2nd and July 3rd, 2025, RED FACTOR LIMITED reduced its holdings via centralized bidding, selling 3,600,000 unrestricted shares. As a result, their total ownership decreased from 53.70% to 52.81%. RED FACTOR LIMITED directly holds 15,753,140 shares, representing 38.97% of the company. The announcement confirms that this equity change aligns with previously disclosed reduction plans, does not impact the company's control structure, and complies with relevant laws and regulations.