Woer Heat-shrinkable shareholder to reduce holdings

Shenzhen Woer Heat-Shrinkable Material (SZSE:002130) announced that shareholders, including Qiu Limin, collectively holding 9.79% of the company's shares, intend to reduce their holdings by no more than 24,926,600 shares, representing 2% of the total share capital. The reduction will occur via centralized bidding and block trading within a three-month period, starting 15 trading days after the announcement, from May 21, 2025, to August 20, 2025. The shareholders' decision is driven by personal funding needs, with shares originating from a transfer of shares from Zhou Heping in September 2019. The price range will depend on prevailing market conditions.