King Long Motor Group major shareholder halts planned stake sale

Xiamen King Long Motor Group announced that its major shareholder, Fujian Investment and Development Group Co., Ltd., did not proceed with a planned share reduction. Fujian Investment Group, which holds 73,927,575 shares representing 10.31% of the company's total share capital, had intended to reduce its holdings by up to 7,170,474 shares, or 1% of the total share capital.

The reduction plan was scheduled to take place between July 25, 2025, and October 24, 2025. However, during this period, Fujian Investment Group sold 0 shares. The company stated that Fujian Investment Group's decision not to implement the reduction was due to its own capital needs and market conditions.

Following the expiration of the plan on October 24, 2025, Fujian Investment Group's shareholding remains unchanged at 73,927,575 shares, maintaining its 10.31% stake in Xiamen King Long Motor Group.