Wujin Stainless directors, senior management plan share reductions

Three key individuals at Jiangsu Wujin Stainless Steel Company Limited – director and deputy general manager Zhou Zhibin, board secretary and deputy general manager Liu Yiming, and director and deputy general manager Wu Fangmin – have announced plans to reduce their shareholdings. The trio intends to sell up to 25% of their respective stakes, totaling a maximum of 623,402 shares, which represents 0.11% of the company's total share capital. These reductions are driven by personal funding needs and will be executed via centralized bidding and block trading.

The planned sell-off by Zhou Zhibin involves up to 157,500 shares, representing 0.03% of the company. Liu Yiming intends to reduce his holdings by up to 345,079 shares, or 0.06%, while Wu Fangmin plans to sell up to 120,823 shares, corresponding to 0.02%. The reduction period for all three is set to commence 15 trading days after the announcement and will extend for three months, specifically from November 3, 2025, to January 30, 2026.

The shares to be sold originate from pre-IPO holdings, shares acquired through capital reserve conversions, and, in Liu Yiming's case, shares from a 2018 restricted stock incentive plan. The company notes that the actual implementation, quantity, and price of the share reductions remain uncertain, dependent on market conditions and the company's stock performance.