HMT execs halt sales, pledge hold amid fluctuations

HMT (Xiamen) New Technical Materials announced that its director and general manager, Zhang Chuquan, along with his concerted party Maosheng (Xiamen) Enterprise Management Consulting Co., Ltd., have prematurely terminated their share reduction plan. They have also committed not to sell any company shares for 12 months, from December 13, 2025, to December 12, 2026. This commitment includes any new shares arising from capital reserve transfers, stock dividends, or rights issues during this period.

Prior to this decision, the original reduction plan, disclosed on November 14, 2025, aimed to reduce Zhang Chuquan's direct holdings by up to 3,483,725 shares (1.06% of total capital) and Maosheng's indirect holdings by up to 1,612,425 shares (0.49%). The actual reduction occurred on December 8, 2025, with Zhang Chuquan directly selling 2,447,500 shares for a total of CNY 105,291,450, and Maosheng indirectly selling 1,612,300 shares for CNY 69,361,146, both via block trades at CNY 43.02 per share.

Following these sales, Zhang Chuquan's direct holdings decreased to 11,487,400 shares (3.49%), and Maosheng's indirect holdings to 4,987,300 shares (1.51%). The combined holdings of Zhang Chuquan and Maosheng now total 16,474,700 shares, representing 5.00% of the company's total share capital, down from 6.23%.