Shemar Electric shareholder reduces stake, triggering disclosure

Jiangsu Shemar Electric announced that shareholder Chen Xiaoqin, along with her concert party Shanghai Shemar Electric Holdings, saw their combined shareholding decrease from 79.16% to 78.16% between September 17 and November 5, 2025. This 1% reduction was a result of Chen Xiaoqin selling 4,316,800 shares through concentrated bidding transactions, accounting for 1.00% of the company's total share capital. The sale is part of a previously disclosed share reduction plan.

This equity change occurred amidst an abnormal fluctuation in the company's stock price, with a cumulative deviation of over 20% in closing prices over three consecutive trading days from November 3 to November 5, 2025. The company confirmed its production and operations remain normal, with no undisclosed major events or market rumors influencing the stock price.

The company is also progressing with a share buyback program, having repurchased 7,977,424 shares for a total of RMB 236,666,368.07 as of October 31, 2025. Additionally, Jiangsu Shemar Electric is planning new factory investments in Vietnam and Romania.