Major Wanhua Chemical shareholder plans partial stake reduction

Prime Partner International Limited, a major shareholder in Wanhua Chemical Group, announced a plan to reduce its stake in the company. As of the announcement date, Prime Partner International Limited holds 155,993,282 shares, representing 4.98% of the company's total share capital. These shares were acquired through a non-public offering and became tradable on March 23, 2022.

The planned reduction will occur between December 5, 2025, and January 31, 2026. Prime Partner International Limited intends to sell up to 15,652,358 shares, which represents no more than 0.50% of Wanhua Chemical's total share capital, via concentrated bidding. The total number of shares sold within any consecutive 90-day period will not exceed 1% of the company's total shares. The decision to reduce the holding is attributed to the shareholder's own funding requirements and financial planning.

The company will disclose the progress of this share reduction plan in a timely manner. The announcement also confirms that the share reduction plan is in compliance with relevant securities laws and regulations and is not expected to result in a change of control of the listed company.