Major shareholder plans to reduce stake in King Long Motors

Xiamen King Long Motor Group announced that Fujian Investment & Development Group, currently holding 10.31% of the company's shares, plans to decrease its stake. The reduction will be implemented through centralized bidding within three months, starting 15 trading days after the announcement date. Fujian Investment aims to sell no more than 7,170,474 shares, representing up to 1% of the total share capital. The planned sales are driven by the shareholder's own operational needs. The company will disclose all pertinent information as per regulations, and the shareholder will make decisions based on market conditions.