Hundsun Technologies to divest part of Winshine Holdings

Hundsun Technologies Inc. announced its plan to sell a portion of its holdings in Shenzhen Winshine Technology Co., Ltd. through its affiliate, Shanghai Tongyi Investment Management Co., Ltd. Tongyi Investment, representing several private securities investment funds, intends to sell up to 15,020,061 shares of Winshine, representing up to 2% of Winshine’s total share capital, within three months starting from the disclosure date of August 20, 2025.

As of October 24, 2025, Tongyi Investment has already sold 8,109,954 shares, generating approximately RMB 17,885.30万元. This transaction is projected to result in a pre-tax profit of approximately RMB 12,274.03万元 for Hundsun, which accounts for 10% of the company's net profit from the most recent audited fiscal year.

Following this partial divestment, Hundsun Technologies and its affiliates will still collectively hold 89,318,034 shares of Winshine, representing an 11.89% stake in the company. The sale is within the company’s management approval limits.