Jade Bird Fire supervisor plans share reduction for personal needs

Jade Bird Fire announced today that its supervisor, Mr. Wang Guoqiang, plans to reduce his shareholding in the company. Mr. Wang currently holds 950,083 shares, representing 0.11% of the company's total share capital. He plans to sell up to 192,000 shares, equivalent to 0.02% of the total share capital, through concentrated bidding.

The planned share reduction will occur over a three-month period, starting 15 trading days after the announcement date, from October 10, 2025, to January 9, 2026, excluding periods restricted by law. The shares to be sold originate from pre-IPO holdings and shares converted from capital reserves. The reduction is cited as being due to personal financial needs, and the selling price will be determined by market conditions.

Jade Bird Fire confirms that Mr. Wang's proposed share reduction adheres to his previous commitments regarding share lock-up and transfer restrictions. The company also stated that the plan's implementation is uncertain and will not alter the company's control or governance structure.