Baoding Tianwei shareholder plans stake reduction due to business scope limits

Baoding Tianwei Baobian Electric Co., Ltd. announced on October 16, 2025, that its major shareholder, China Weaponry Equipment Group Finance Co., Ltd. (Weaponry Finance), plans to reduce its stake. Weaponry Finance, an acting-in-concert party of a direct shareholder holding 5% or more, currently holds 18,004,049 shares, representing 0.98% of the company's total share capital.

The planned reduction will be executed via centralized bidding within three months, commencing 15 trading days after the announcement date. The reduction period is scheduled from November 20, 2025, to February 19, 2026. Weaponry Finance intends to sell up to 18,004,049 shares, or 0.98% of the total share capital, citing restrictions on its business scope as the reason for the divestment.

The company noted that the exact timing, quantity, and price of the share reduction remain uncertain. Weaponry Finance will base its decisions on regulatory policies, market conditions, and the company's stock performance. Adjustments will be made for any ex-dividend or ex-right events during the reduction period.