Bohai Ferry directors and executives maintain shareholdings despite reduction plans

Bohai Ferry Group Co., Ltd. announced that its directors and senior management, including general manager Yu Xinjian and board secretary Ning Wu, did not proceed with their planned share reductions. The initial plan, disclosed on July 31, 2025, outlined potential sales within the period of August 21, 2025, to November 20, 2025. However, no shares were divested through centralized bidding on the Shanghai Stock Exchange.

Prior to the reduction plan, Yu Xinjian held 1,160,000 shares, representing 0.2473% of the company's total share capital. Ning Wu held 510,000 shares, accounting for 0.1087%. These holdings originated from shares acquired before the company's initial public offering and through equity incentive restricted shares. The uncompleted reductions mean Yu Xinjian did not sell 146,000 planned shares, and Ning Wu did not sell 127,500 planned shares.

The company stated the decision not to proceed with the share reductions was due to market conditions. This outcome signifies that the directors and senior management have maintained their original shareholdings in Bohai Ferry Group.