Ningbo Jifeng shareholder plans significant stock sale

Ningbo Jifeng Auto Parts Co., Ltd. announced a plan by major shareholder Yu Wanli to reduce his holdings. Yu Wanli currently holds 86,325,802 shares, representing 6.81% of the company's total share capital.

The proposed reduction involves divesting up to 25,360,000 shares, equating to a maximum of 2% of the company's total share capital, through block trades. The sale period is from October 14, 2025, to January 13, 2026, with the selling price determined by market conditions at the time of the transaction. The shares were primarily acquired via agreement transfer.

Yu Wanli cited personal funding needs as the reason for the planned divestment. The company emphasized that the implementation of this plan is subject to market conditions and the company's share price, and thus the final number of shares sold may vary.