Shenzhen SC New Energy's major shareholders complete share reduction

Shenzhen SC New Energy Technology Corp announced the completion of a share reduction plan by its controlling shareholder, actual controller, and concerted parties. Yu Zhong, the controlling shareholder and actual controller, disposed of 1,800,000 shares through concentrated bidding at an average price of CNY 61.57 per share, and 1,734,000 shares via block trade at an average price of CNY 53.99 per share. These transactions occurred between July 8, 2025, and August 8, 2025.

Concurrently, concerted parties Hengchuang Huie Investment Partnership, LP, Hongxing Yuanye Investment Partnership, LP, and Dingjia Huie Investment Partnership, LP also reduced their holdings. Hengchuang Huie sold 235,300 shares, Hongxing Yuanye sold 55,400 shares, and Dingjia Huie sold 89,500 shares, all through concentrated bidding with average prices of CNY 73.96, CNY 94.11, and CNY 71.88 respectively. The concerted parties' sales took place between June 12, 2025, and September 3, 2025.

Following the reduction, Yu Zhong's total holdings decreased from 8.46% to 7.44% of the company's total share capital. The company stated that the implementation of this plan does not result in a change of control or negatively impact its governance structure and continuous operations.