Hengli Hydraulic controlling shareholder reduces stake, triggers 5% threshold

Shennuo Technology (Hong Kong) Co., Limited, the controlling shareholder of Jiangsu Hengli Hydraulic Co., Ltd., reduced its stake in the company, triggering a 5% equity change threshold. Between September 29, 2025, and November 20, 2025, Shennuo Technology divested 12,840,924 shares through block trades and competitive bidding, representing 0.96% of the company's total shares.

Following this transaction, Shennuo Technology and its concerted parties' aggregate shareholding decreased from 65.96% to 65.00%. This adjustment is consistent with previously disclosed reduction plans and does not involve a tender offer. The company confirmed that this change will not alter the status of its controlling shareholder or actual controller.

Jiangsu Hengli Hydraulic Co., Ltd. will continue to ensure the strict implementation of relevant regulations by the information disclosure obligor and will report any subsequent shareholding changes in a timely manner. The announcement was made on November 20, 2025.