Loncin Motor executives complete share reduction plans

Loncin Motor Company Limited's general manager, Gong Hui, and CFO, Wang Jianchao, have completed their respective share reduction plans.

Gong Hui sold 350,000 shares through concentrated bidding between July 23, 2025, and August 6, 2025, at prices ranging from CNY 12.14 to CNY 12.58 per share, totaling CNY 4,316,878.90. This sale represents 0.0170% of the company's total share capital. Following the sale, Gong Hui holds 1,079,250 shares, or 0.0526% of the company.

CFO Wang Jianchao also completed his planned reduction, selling 100,000 shares via concentrated bidding between August 4, 2025, and October 14, 2025. The shares were sold at prices between CNY 12.28 and CNY 13.56 per share, amounting to CNY 1,304,000. This transaction constitutes 0.0049% of the total share capital. After the completion, Wang Jianchao holds 308,750 shares, or 0.0150% of Loncin Motor.

Both executives initiated their plans due to personal capital requirements, as disclosed on July 1, 2025. The company confirmed that the actual reductions align with previously disclosed plans.