Weiming Environmental Protection adjusts shareholder holdings, extends employee stock plan

Zhejiang Weiming Environment Protection announced a correction to its previous disclosure on major shareholder equity changes, revising the commencement date of the 5% threshold change from "2022/05/09" to "2020/05/09." This change reflects the combined impact of active reductions, passive adjustments from share repurchases, convertible bond conversions, and restricted stock grants by major shareholders and their concerted parties, resulting in a total equity reduction of 4.843% to 70.000%.

Separately, the company's board of directors approved extending the 2021 employee stock ownership plan for an additional 24 months, pushing its expiration to December 5, 2027. The plan currently holds 13,789,772 company shares, representing 0.81% of the total share capital. The extension aims to align with the company's long-term development and shareholder interests.

Furthermore, major shareholders, including Weiming Group and its concerted parties, disclosed a plan to collectively reduce their holdings by up to 26,395,390 shares (1.55% of total capital) via centralized bidding and block trading, from September 19, 2025, to December 18, 2025. These adjustments do not impact the company's controlling ownership.