Yanhua Smartech: Shareholders, executive plan share reduction

Shanghai Yanhua Smartech Group (SZSE:002178) announced that shareholder Hu Liming, holding 6.72% of the company's shares, intends to reduce holdings by no more than 21,364,590 shares (up to 3% of the total share capital) between June 12, 2025, and September 9, 2025. Senior executive Zhang Tailin, holding 0.0358% of the company's shares, also plans to decrease his stake by no more than 63,700 shares (up to 0.009% of the total share capital) during the same period. Hu Liming may use either centralized bidding or block trading, while Zhang Tailin will exclusively use centralized bidding. Both cite personal financial needs as the reason for the reduction. The company confirmed that these plans align with relevant regulations and that it will disclose further developments as required.