Lingang Group reduces stake in Shanghai Feilo Acoustics

Shanghai Feilo Acoustics Co., Ltd. announced on August 29, 2025, that its major shareholder, Shanghai Lingang Economic Development (Group) Co., Ltd. ("Lingang Group"), has reduced its stake in the company. Through centralized bidding, Lingang Group cumulatively sold 4,600,000 shares on August 28, 2025.

This transaction decreased Lingang Group's shareholding from 6.18% to 6.00%, thereby triggering the 1% equity change threshold. The company confirmed that this equity change is part of Lingang Group's previously disclosed reduction plan and will not significantly impact the company's governance structure or continuous operations, nor will it alter the controlling shareholder or actual controller. Lingang Group's reduction plan is ongoing.