Yongxing Materials: Shareholder's stake drops below 5%

Yongxing Special Materials Technology (SZSE: 002756) announced that shareholder Zhejiang Julitai Technology Co., Ltd. has completed its previously disclosed share reduction plan, resulting in its stake falling below 5%. As of May 29, 2025, Julitai holds 26,954,977 shares, representing 4.99998% of Yongxing's total share capital (5.10782% after excluding shares in the company's repurchase account). Julitai reduced its holdings through a combination of block trades and open market transactions between May 26 and May 29, 2025, at an average price of CNY 28.81 per share, decreasing its ownership by 11,615,000 shares. The company affirmed that this change in shareholding will not impact its governance structure or control. Julitai's previous holdings were 7.15450% (or 7.30880% if excluding the company’s repurchase account).