Xiamen Changelight shareholder halts share sale, commits to long-term holding

Xiamen Changelight Co., Ltd. announced that Shenzhen Hujun Zhengde Asset Management Co., Ltd. (Hujun Zhengde Fund), a shareholder holding over 5% of its equity, has prematurely ceased its previously disclosed share reduction plan. This plan, initially announced on June 11, 2025, aimed to sell up to 26,974,094 shares, representing 3% of the company's total share capital.

The original plan intended to sell up to 8,991,365 shares (1% of total share capital) via concentrated bidding and up to 17,982,729 shares (2% of total share capital) via block trades. However, Hujun Zhengde Fund confirmed that no shares were sold during the plan's scheduled period.

Furthermore, Hujun Zhengde Fund has committed not to dispose of any of its 81,280,000 shares in Xiamen Changelight through any means, including concentrated bidding, block trades, or agreement transfer, from the date of the announcement until December 31, 2025. This decision is based on the fund's recognition of the company's long-term value and confidence in its future development.