Wingtech major shareholders complete shareholding reduction

Wingtech Technology announced that its major shareholders, Zhuhai Ronglin Equity Investment Partnership (Limited Partnership) and its concerted party, Zhuhai Gree Electric Appliances Inc., have completed their share reduction plans. Their combined stake decreased from 8.81% to 7.83% of the company's total share capital, triggering the 1% threshold.

Zhuhai Ronglin reduced its holdings by 1,089,906 shares through centralized bidding on August 27, 2025, at prices between CNY 43.00 and CNY 43.77 per share, totaling CNY 47,139,566.68. This decreased its stake from 6.34% to 6.25%. Zhuhai Gree Electric Appliances reduced its holdings by 11,354,412 shares through centralized bidding between August 22 and November 11, 2025, at prices ranging from CNY 40.50 to CNY 50.55 per share, totaling CNY 530,000,996. This reduced its stake from 2.47% to 1.56%.

The combined reduction amounted to 12,444,318 shares. The company confirmed that this equity change aligns with previously disclosed reduction plans and does not trigger a tender offer or alter the company's controlling shareholder or actual controller.