Major shareholder triggers disclosure threshold in Jiangsu Aucksun

Chang Zheng Limited, a major shareholder in Jiangsu Aucksun Group Co., Ltd., reduced its holding by 2,820,800 shares through centralized bidding on September 5, 2025. This reduction represents 0.2445% of the company's current total share capital, following a previously announced plan to potentially divest up to 5,938,550 shares.

After this transaction, Chang Zheng Limited now holds 66,849,000 shares, equating to 5.7938% of Jiangsu Aucksun's total share capital. Including its concert parties, GreenPower Limited and Mr. Chen Kai, total shares held amount to 219,223,928, or 18.999994% of the total share capital, triggering a 1% integer multiple threshold for equity changes. The company states this change will not affect its control or governance structure.

Chang Zheng Limited's current total holdings, including concert parties, previously stood at 222,044,728 shares, or 19.2445%. The transaction aligns with the pre-disclosed plan, and the total reduction remains within the announced limits, with the full divestment plan still in progress.