Major shareholder to cut stake in United Low-Carbon Technology

Xinjiang Rongsheng Investment Co., Ltd., a major shareholder in United Low-Carbon Technology (Xinjiang) Co., Ltd., will reduce its stake in the company. Rongsheng Investment is the third-largest shareholder, holding 17,286,227 unrestricted shares, or 9% of the company's total share capital. These shares were acquired through administrative transfer.

The divestment plan involves selling up to 5,760,568 shares, which accounts for a maximum of 3% of the company's total share capital. The sales will occur over three months, commencing 15 trading days after the announcement date, specifically between December 26, 2025, and March 26, 2026. The shares will be sold via concentrated bidding, with a maximum of 1,920,189 shares, and block trades, totaling up to 3,840,378 shares. Pricing will be determined by market conditions at the time of sale.

The reason for the share reduction is to meet the shareholder's own funding requirements. The company confirms that the proposed share reduction complies with all relevant laws, regulations, and self-regulatory guidelines.