Jiejie Microelectronics directors, management to sell shares

Jiangsu Jiejie Microelectronics announced that its directors, supervisors, and senior management, including Zhang Zulei, Li Chonglin, Yan Chengxiang, Shen Zhipeng, and Xu Yang, plan to reduce their shareholdings. The share reduction is scheduled to occur over three months, commencing 15 trading days after the announcement date (from October 10, 2025, to January 9, 2026), through concentrated bidding. The purpose of the reduction is to meet personal capital needs.

Director Zhang Zulei plans to sell up to 5,293,224 shares, representing 0.6361% of the total share capital. Directors Li Chonglin and Yan Chengxiang each intend to reduce their holdings by up to 205,875 shares, or 0.0247% of the total share capital. Supervisor Shen Zhipeng will sell up to 5,925 shares (0.0007%), and senior manager Xu Yang plans to sell up to 21,400 shares (0.0026%). The selling prices will be determined by secondary market prices at the time of the reduction.

The company emphasized that these individuals are not controlling shareholders or actual controllers, and the plan will not alter the company's control structure or ongoing operations. All participants have committed to complying with relevant regulations and their prior undertakings regarding share lock-up and transfer restrictions.