Jingda Special Magnet Wire shareholder to reduce stake for personal needs

Tongling Jingda Special Magnet Wire Co., Ltd. announced that Ms. Qiao Xiaohui, a shareholder holding more than 5%, plans to reduce her stake in the company. As of the disclosure date, Ms. Qiao holds 170m shares, representing 7.91% of the company's total share capital.

Ms. Qiao intends to divest up to 64.47m shares, equating to a maximum of 3% of the company's total share capital. This reduction will occur through concentrated bidding, not exceeding 21.49m shares (1% of total share capital), and block trading, not exceeding 42.98m shares (2% of total share capital). The divestment period is scheduled from September 30, 2025, to December 29, 2025.

The proposed share reduction is driven by Ms. Qiao's personal financial requirements and is not expected to materially impact the company's governance structure or ongoing operations. The company assures that it will oversee the plan's implementation in accordance with relevant laws and regulations. The timing and execution remain subject to market conditions.