Shanghai Rockhill Technology director completes share reduction plan

Shanghai Rockhill Technology (SZSE:002195) announced that director and senior executive Chen Yubing completed his planned reduction of company shares. Between March 27 and March 28, Chen Yubing reduced his holdings by 22,220,000 shares through centralized competitive trading at an average price of CNY5.7252 per share. This represents 0.3911% of the company's total share capital. Following the reduction, Chen Yubing holds 6,667,8039 shares, or 1.1736% of total shares. The shares reduced were obtained through equity incentives and secondary market purchases. The company affirmed that the reduction adhered to relevant laws and regulations and will not affect company control or governance.