Zhongchuang Zhiling executives to sell shares for personal capital needs

Zhongchuang Zhiling (Zhengzhou) Industrial Technology Group Co., Ltd. announced a share reduction plan by its chairman, Jiao Cengyao, and two vice general managers, Fu Qi and Zhang Haibin. The executives cite personal capital needs as the reason for the planned sales. The disposals are scheduled to occur via concentrated bidding on the Shanghai Stock Exchange, commencing 15 trading days after the announcement and spanning three months.

Chairman Jiao Cengyao, currently holding 4,226,964 shares, intends to sell up to 1,056,700 shares. Vice general manager Fu Qi, with 635,700 shares, plans to reduce his stake by up to 158,900 shares. Vice general manager Zhang Haibin, holding 846,200 shares, aims to sell up to 211,500 shares. These amounts represent less than 25% of each individual's total holdings as of the end of the last fiscal year, with prices to be determined by market rates at the time of sale.

The company confirmed that the planned reductions adhere to relevant laws, regulations, and prior commitments made by the executives. The plan is not expected to impact the company’s governance structure or ongoing operations, and there is no risk of a change in company control.