Boton Tech controlling shareholder plans stock reduction

Wuxi Boton Technology announced that its controlling shareholder and actual controller, Director and General Manager, Mr. Bao Zhifang, intends to reduce his holdings by no more than 8,374,934 shares, representing up to 2.00% of the company’s total share capital, between July 29, 2025, and October 28, 2025. Concurrently, Director and Deputy General Manager Ms. Tang Yu plans to reduce her holdings by no more than 1,526,988 shares, accounting for up to 0.36% of the company’s total share capital, during the same period. Mr. Bao currently holds 82,950,952 shares (19.81%), while Ms. Tang holds 6,107,952 shares (1.46%). The disposals will be conducted via block trade or centralized bidding, and are for personal financial needs. Both parties have affirmed their confidence in the company's long-term prospects.