Shengyi Technology: Major shareholder, directors plan share reductions

Guangdong Shengyi Technology Co., Ltd. announced that its major shareholder, Guangdong Guangxin Holdings Group Co., Ltd., plans to reduce its stake by up to 24,291,192 shares, representing no more than 1.000% of the company's total share capital. The sales, driven by operational needs, will occur via centralized bidding and block trades between November 26, 2025, and February 25, 2026, at market prices.

Additionally, chairman Chen Renxi and chief accountant Lin Daohuan will also sell portions of their shares due to personal financial needs. Chen Renxi plans to reduce his holdings by up to 636,562 shares, not exceeding 0.0262% of the total share capital, while Lin Daohuan will sell up to 150,000 shares, representing no more than 0.0062%. These transactions will also take place via centralized bidding during the same period.

The company stated that these share reductions are normal actions by major shareholders and senior management and are not expected to significantly impact the company's governance structure or future operations. Adjustments to the sale quantities and prices will be made if the company distributes dividends, bonus shares, or undergoes capital transfers during the reduction period.