Aiko Solar non-controlling shareholder plans significant stake reduction

Yiwu Qiguang Equity Investment Partnership, a non-controlling shareholder of Shanghai Aiko Solar Energy, currently holds 168,549,617 shares, representing 7.96% of the company's total share capital. The partnership plans to reduce its holdings by up to 3% of the company's total share capital, which amounts to a maximum of 63,517,497 shares.

The planned reduction will occur between December 29, 2025, and March 28, 2026, through both centralized bidding and block trading. Up to 21,172,499 shares will be sold via centralized bidding, and up to 42,344,998 shares via block trading. Yiwu Qiguang acquired its current shares through a major asset restructuring involving the issuance of shares to purchase assets and subsequent capital reserve transfers.

The reduction is driven by Yiwu Qiguang's need for capital, as the partnership, established in 2016, has been in existence for a considerable period. The company assures that Yiwu Qiguang has fulfilled all prior commitments regarding share lock-up and voluntary sale restrictions made during the 2019 restructuring.