Xin Fengming directors and senior management plan share reductions

Xin Fengming Group (SSE:603225) announced a plan for several directors and senior management personnel to reduce their shareholdings, effective 15 trading days after the announcement date and spanning three months. Directors and vice presidents Xu Jizhong and Yang Jianfei each plan to sell up to 2,000,000 shares, representing 0.1312% of the company's total share capital. For Xu Jizhong, this amounts to 15.9541% of his direct holdings, and for Yang Jianfei, 16.3003%. These shares were acquired prior to the IPO.

Vice president Zhao Chuncai intends to sell up to 48,000 shares (0.0031% of total share capital, 15.9310% of his direct holdings), while vice president Guan Yongyin plans to sell up to 11,000 shares (0.0007% of total share capital, 7.3333% of his direct holdings). Vice president Zheng Yongwei will reduce his holdings by up to 37,000 shares (0.0024% of total share capital, 14.5041% of his direct holdings). Additionally, vice president Li Guoping plans to sell up to 41,000 shares (0.0027% of total share capital, 15.0073% of his direct holdings), vice president Lin Zhenyong up to 11,000 shares (0.0007% of total share capital, 7.3333% of his direct holdings), and CFO Shen Sunqiang up to 9,700 shares (0.0006% of total share capital, 7.4615% of his direct holdings). These sales will be conducted via centralized bidding, with the shares primarily acquired through equity incentives, or IPO pre-acquisition in the case of Xu Jizhong and Yang Jianfei.

The reduction period is scheduled from November 12, 2025, to February 11, 2026. The company noted that the actual timing and pricing of the share reductions would depend on market conditions and the executives' financial needs. All executives affirmed their commitment to previously disclosed lock-up periods and relevant regulatory requirements.