Solareast directors partially complete planned share reductions

Solareast Holdings announced the results of share reductions by its directors and senior management. Senior management members Chen Ronghua, Jiao Qingtai, and Zhu Yalin partially completed their planned share reductions between September 3, 2025, and December 2, 2025.

Chen Ronghua reduced holdings by 180,000 shares at 12.00 yuan per share, totaling 2,160,000 yuan. Jiao Qingtai also reduced 180,000 shares at 12.80-12.84 yuan per share, amounting to 2,304,478 yuan. Zhu Yalin reduced 35,000 shares at 9.88 yuan per share, totaling 345,800 yuan.

The reductions represent 0.0221% of the total share capital for both Chen Ronghua and Jiao Qingtai, and 0.0043% for Zhu Yalin. All three did not fully complete their planned reductions. Chen Ronghua still has 92,900 shares outstanding from the original plan, Jiao Qingtai 2,600 shares, and Zhu Yalin 0 shares. Zhang Yaming, another senior manager, did not reduce any shares, leaving 144,000 shares from his planned reduction.

Following these transactions, Chen Ronghua now holds 911,800 shares (0.1121%), Jiao Qingtai holds 550,600 shares (0.0677%), Zhu Yalin holds 105,000 shares (0.0129%), and Zhang Yaming retains 576,100 shares (0.0709%). The company confirmed that these reductions complied with relevant laws and regulations.