Sinnet Tech directors plan to reduce holdings

Beijing Sinnet Technology announced that several directors and senior managers intend to reduce their holdings in the company. The proposed reduction involves Director and Vice President Yuan Ding, Director Li Chao, Board Secretary and Vice President Gao Hong, and Vice President Chen Hao. Collectively, they plan to reduce their holdings by no more than 720,476 shares, representing a maximum of 0.04% of the company's total share capital. Individual reductions vary, with Yuan Ding potentially reducing holdings by up to 175,390 shares, Li Chao by up to 132,475 shares, Gao Hong by up to 134,243 shares, and Chen Hao by up to 278,368 shares. The planned reduction will occur between July 29, 2025, and October 28, 2025, via centralized competitive trading, subject to market conditions and regulatory limitations. The executives cited personal financial needs as the reason for the stock sale.