Sinnet directors, senior management complete share reduction

Beijing Sinnet Technology Co., Ltd. confirmed the completion of share reduction plans by its directors and senior management personnel, including Yuan Ding, Li Chao, Gao Hong, and Chen Hao. The executives cumulatively reduced their holdings by a total of 720,476 shares through centralized bidding, representing less than 0.04% of the company's total share capital. The transactions occurred between August 4, 2025, and August 28, 2025.

Specific transactions include Yuan Ding's sale of 175,391 shares at an average of CNY 14.37 per share, Li Chao's sale of 132,475 shares at an average of CNY 16.66 per share, Gao Hong's sale of 134,243 shares at an average of CNY 14.46 per share, and Chen Hao's sale of 278,369 shares at an average of CNY 14.50 per share. These shares originated from the company's initial public offering.

The company stated that the share reductions align with pre-disclosed plans and regulatory requirements. The involved shareholders are not controlling or actual controlling shareholders, and the completion of these plans will not alter the company's control structure or impact its corporate governance and ongoing operations.