Motimo Membrane shareholder to reduce holdings by up to 1%

Hua Yi Technology International, a major shareholder in Tianjin Motimo Membrane Technology (SZSE:300334), intends to reduce its holdings by no more than 3,020,000 shares, representing 1% of the company's total share capital. The sale will occur through centralized bidding within a three-month period, commencing fifteen trading days after the announcement date. As of the announcement, Hua Yi holds 30,852,400 Motimo Membrane shares, accounting for 10.21% of the total share capital. The intended reduction is due to Hua Yi's operational needs, with shares sourced from those held before Motimo's initial public offering. The price will be determined by prevailing market conditions at the time of the sale. Hua Yi has committed to adhering to relevant laws and regulations during the share reduction process.