Sino-Pro Technology reduces stake in Jiangsu Hengli Hydraulic

Sino-Pro Technology (Hong Kong) Co., Ltd., a major shareholder of Jiangsu Hengli Hydraulic Co., Ltd., has completed a partial share reduction plan. The plan, disclosed on August 8, 2025, involved the sale of 32,074,509 shares from September 1, 2025, to November 28, 2025. This reduction was carried out through centralized competitive bidding (13,408,209 shares) and block trading (18,666,300 shares).

The average selling price for these shares ranged from yuan 84.00 to yuan 104.82 per share, totaling a transaction value of yuan 2,926,271,271.85. The initial plan aimed for a reduction of no more than 3%, with the completed reduction representing 2.39% of the company's shares.

Following this partial reduction, Sino-Pro Technology (Hong Kong) Co., Ltd.'s holding in Jiangsu Hengli Hydraulic has decreased to 189,095,760 shares, representing 14.10% of the total share capital. The company confirmed the share reduction complied with relevant regulations and the previously disclosed plan.