Sanmei Chemical's controlling shareholder completes share reduction plan

Zhejiang Sanmei Chemical Industry Co., Ltd. announced on September 27, 2025, that its controlling shareholder, Mr. Hu Rongda, has completed his share reduction plan. The plan, initially disclosed on June 28, 2025, involved the sale of 5,684,819 shares, representing 0.9312% of the company's total share capital.

The shares were sold via concentrated bidding between August 1, 2025, and September 25, 2025. The total transaction value amounted to yuan 298,638,439.00, with prices ranging from yuan 49.35 to yuan 62.30 per share.

Following the completion of this reduction, Mr. Hu Rongda’s direct shareholding in Zhejiang Sanmei Chemical Industry Co., Ltd. now stands at 225,229,140 shares, or 36.8938% of the company's total equity.