Zhejiang XCC Group executives plan to reduce holdings

Zhejiang XCC Group announced that three senior executives, Qin Yi, Xu Rongbin, and Wu Hongying, plan to reduce their holdings of company shares. These holdings originate from the company's restricted stock incentive plan. Qin Yi intends to reduce his holdings by no more than 22,500 shares, representing 0.0061% of the total share capital. Xu Rongbin plans to reduce his holdings by no more than 24,500 shares, equivalent to 0.0067% of the total share capital. Wu Hongying intends to reduce his holdings by no more than 13,500 shares, accounting for 0.0037% of the total share capital. The reduction will occur via centralized bidding within a three-month period starting 15 trading days after the announcement date, with prices determined by market conditions. The period for the reduction is set between July 30, 2025, and October 29, 2025. The company has stated that the planned reduction does not involve any changes to its control structure.