Neway Valve controlling shareholder's equity decreases over 1%

Suzhou Neway Valve Co., Ltd. announced a 1% reduction in the equity interest held by its controlling shareholder, Neway Group Co., Ltd., and its persons acting in concert. Their combined shareholding decreased from 64.25% to 62.82%, following a reduction in total shares from 493,750,268 to 487,199,224. This change was partly due to Neway Group's cumulative sale of 6,551,044 shares through concentrated bidding from July 22, 2025, to September 10, 2025, representing 0.84% of the company's current total share capital.

Additionally, the company's total share capital increased by 0.90% from 768,573,661 shares to 775,526,127 shares, following the registration of its 2025 restricted stock incentive plan on September 5, 2025. This increase also contributed to the passive dilution of the shareholders' proportional stake. The company stated that this equity change is a normal reduction and will not affect the company's governance structure or continuous operations, nor will it change the controlling shareholder or actual controller.

The disclosed reduction aligns with the previously announced plan and does not trigger a tender offer. The company will continue to monitor the remaining portion of the reduction plan and issue timely disclosures.