AtHub major shareholder plans to cut stake by up to 3%

Ningbo Ruixin Venture Capital Partnership, a major shareholder in Shanghai AtHub, has announced a plan to reduce its stake by up to 21,551,308 shares, representing 3.00% of the company's total share capital. As of the announcement date, Ningbo Ruixin directly holds 92,445,442 shares, or 12.87% of AtHub's total share capital.

The reduction will be executed through a combination of centralized bidding and block trading. Up to 7,183,769 shares (1.00% of total share capital) will be sold via centralized bidding, while up to 14,367,539 shares (2.00%) will be sold through block trading. The selling period is set to begin 15 trading days after the announcement and will last for three months, from December 22, 2025, to March 20, 2026.

The decision to reduce shares is driven by Ningbo Ruixin's funding requirements. The planned disposals will adhere to market prices and will not alter the company's governance structure or future operations. This reduction is in line with previous commitments made by the major shareholder.