Shenzhen SC New Energy: Major shareholder, executives plan share reductions

A specific shareholder, Mr. Li Shijun, intends to reduce his holding in Shenzhen SC New Energy Technology Corp by up to 3,000,000 shares, representing 0.8649% of the company's total share capital. This reduction is scheduled to occur via centralized bidding within three months, from September 11, 2025, to December 10, 2025.

Additionally, senior management members Ms. Jin Jinglei, deputy general manager and chief financial officer, plans to sell up to 5,600 shares (0.0016% of total share capital), and Ms. Tan Xiangping, deputy general manager and board secretary, will sell up to 5,000 shares (0.0014% of total share capital). Their share reductions will also take place through centralized bidding, from September 29, 2025, to December 28, 2025, with a blackout period.

The primary reason cited for these share reductions is personal capital needs. The company clarified that these transactions will not lead to a change in control and will not affect the company's governance structure or ongoing operations.