Weiming Environment Protection's major shareholder and associates trigger equity change

Zhejiang Weiming Environment Protection announced its controlling shareholder, Weiming Group Co., Ltd., and concerted parties, including Xiang Guangming, Wenzhou Jiawei Industrial Co., Ltd., and Zhu Shanen, triggered a 5% equity change threshold. Their combined shareholding decreased from 74.84% to 70.00% of the company's total share capital between May 9, 2022, and September 18, 2025. This change was due to active reductions, increases, passive decreases from convertible bond conversions, and passive increases from share buybacks and restricted stock grants.

During this period, Xiang Guangming, Zhu Shanen, Zhu Shanen’s brothers and sisters, and Zhu Shanen’s family members made various transactions, including both active reductions and active increases. Specifically, Zhu Shanen decreased holdings by 1.377%, while Xiang Guangming increased their stake by 0.185%. The company's total share capital fluctuated due to convertible bond conversions in 2024 and 2025, and two restricted stock buybacks and cancellations in 2021 and 2025 further impacted the passive shareholding percentages.

Despite these adjustments, the company confirmed the changes would not impact corporate governance or operations. The controlling shareholder and actual controller status would remain unchanged. As of the announcement date, a previously disclosed plan to reduce holdings by up to 26,395,390 shares, representing 1.55% of the total share capital, has not yet been fully implemented.