Ningbo Ginlong Technologies executives to sell portion of shareholdings

Three directors and senior management members of Ningbo Ginlong Technologies – Guo Junqiang (director, deputy general manager, CFO), Zhang Chan (director, deputy general manager, board secretary), and Lu Hufeng (deputy general manager) – collectively plan to reduce their shareholdings by a total of up to 154,157 shares. This represents 0.0388% of the company's total share capital, calculated based on 397,419,145 shares after excluding shares in the company's dedicated repurchase account.

The share reduction, to be executed via concentrated bidding, is scheduled to occur within a three-month period, commencing 15 trading days after the announcement date and concluding between September 19, 2025, and December 18, 2025. The shares originate from restricted stock incentives granted by the company and any subsequent capital reserve conversions.

The company's total share capital recently decreased to 398,113,845 shares from 399,333,395 shares due to the repurchase and cancellation of some restricted shares from the 2023 incentive plan. The planned reduction by the executives will not impact their eligible transferable share quotas for the current year.