Oriental Yuhong controlling shareholder reduces stake to repay debts

Beijing Oriental Yuhong Waterproof Technology Co. Ltd. announced that its controlling shareholder, Li Weiguo, and parties acting in concert, including Li Xingguo, have reduced their combined equity stake from 22.6781% to 22.0000%. This change, occurring between August 29, 2025, and September 9, 2025, involved the cumulative sale of 16.1982 million shares, representing 0.6781% of the company's total share capital. The sales were executed through a combination of block trades and concentrated bidding on the Shenzhen Stock Exchange, primarily to repay debts.

This reduction triggers a 1% integer multiple change as per regulatory guidelines, following a previous passive increase in their stake to 22.6781% due to a buyback and cancellation of shares on March 20, 2025.

The company confirmed that this equity change does not involve a tender offer, nor will it alter the company's controlling shareholder or actual controller, ensuring no impact on its corporate governance structure or ongoing operations. Li Weiguo's current share reduction aligns with a pre-disclosure announcement made on July 3, 2025, which outlined a plan to reduce his holdings by up to 1.94% (46.382189 million shares). The planned reduction is not yet fully completed.