New Hope Liuhe supervisor completes planned share reduction

New Hope Liuhe Co., Ltd. announced that its supervisor, Mr. Pang Yundong, has completed a share reduction plan. As disclosed on June 10, 2025, Mr. Pang intended to reduce his holdings by no more than 18,000 shares, representing approximately 0.0004% of the company's total share capital. The reduction was carried out through centralized bidding on September 8, 2025, at an average price of CNY 10.24 per share.

Following the completion of the plan, Mr. Pang sold all 18,000 unrestricted shares. His total holdings decreased from 72,000 shares (0.0016%) to 54,000 shares (0.0012%). The shares sold originated from the company's 2022 restricted stock incentive plan, which had subsequently become tradable.

The company affirmed that this share reduction complies with relevant laws and regulations. Furthermore, the transaction will not result in a change of control for the company or have a material impact on its corporate governance, equity structure, or ongoing operations.