Guanghua Sci-Tech directors plan share reductions for personal financial needs

Guangdong Guanghua Sci-Tech's chairman, Chen Hanzhao, plans to reduce his shareholding by up to 4,650,223 shares, representing approximately 1% of the company's total capital. This divestment, driven by personal financial needs, will occur via centralized bidding within three months of the announcement, following a 15-trading-day blackout period. Chen Hanzhao currently holds 24,912,880 shares.

In addition, financial controller Cai Wen intends to sell up to 83,325 shares (0.02% of total capital) from her current holding of 333,300 shares. Board secretary and deputy general manager Yang Rongzheng also plans to sell up to 44,575 shares (0.01% of total capital) from his 178,300 shares. Both reductions are for personal financial needs and will be executed through centralized bidding under the same timeframe and conditions.

The company confirmed these planned reductions comply with relevant laws and regulations and will not impact the company's governance structure, continuous operations, or alter its control. All involved parties have consistently fulfilled prior commitments regarding shareholdings.