Jiangsu Guomao Reducer's actual controllers complete share reduction

Jiangsu Guomao Reducer Co., Ltd. announced that its actual controllers, Xu Guozhong and Xu Bin, have completed their share reduction plan. Xu Guozhong reduced his holdings by 11,346,100 shares, representing 1.73% of the current total share capital, through block trades and centralized bidding, totaling RMB 159,516,111. His current shareholding stands at 34,293,900 shares, or 5.22%.

Concurrently, Xu Bin decreased his stake by 8,352,700 shares, accounting for 1.27% of the total share capital, also via block trades and centralized bidding, generating RMB 125,055,926. His remaining shares total 43,830,522, representing 6.68%. Together, the two actual controllers reduced their combined holdings by 19,698,800 shares, or 3.00%.

The share reduction period ran from July 7, 2025, to September 30, 2025, and successfully achieved the planned reduction percentages. The calculations for the post-reduction percentages are based on the company's latest share capital of 656,632,480 shares, following the cancellation of some restricted stock on July 17, 2025.