Sunward Intelligent major shareholders plan significant share reductions

Sunward Intelligent Equipment Co., Ltd. (SZSE:002097) has announced plans for share reductions by its major shareholders and senior management. Changsha Economic and Technical Development Group Co., Ltd., holding 54,360,700 shares (5.0586% of total capital), intends to reduce its stake by up to 19,343,110 shares (1.8% of total capital) through concentrated bidding or block trades between September 29, 2025, and December 28, 2025. This includes a maximum of 10,746,172 shares via concentrated bidding and 8,596,938 shares via block trades, with recipients of block trades subject to a six-month lock-up.

Mr. He Qinghua, holding 86,259,698 shares (8.0270%), plans to sell up to 10,746,172 shares (1.0% of total capital) via concentrated bidding during the same period. Additionally, deputy general manager Mr. Zhu Jianxin will reduce his holding of 1,620,000 shares (0.1508%) by up to 405,000 shares (0.0377%), and board secretary Mr. Wang Jian, with 240,000 shares (0.0223%), plans to sell up to 60,000 shares (0.0056%), both through concentrated bidding.

Collectively, these shareholders plan to reduce their combined holdings by a total of up to 30,554,282 shares, representing 2.8433% of the company's total share capital. The company emphasized that these reductions will not impact its governance structure, ongoing operations, or lead to a change in control, and that all parties will adhere to existing commitments and regulatory requirements.