Desay SV investor's share reduction plan expires unexecuted

Huizhou Desay SV Automotive announced today that the share reduction plan initiated by its shareholder, Shenzhen Shenhua Investment Group Co., Ltd. (Shenhua Investment), has reached its expiration date on September 11, 2025. The plan, which was publicly disclosed on June 7, 2025, aimed to reduce Shenhua Investment's stake by up to 7,980,268 shares, representing not more than 1.45% of the company's total share capital.

Despite the established plan, Shenhua Investment did not sell any of its holdings during the three-month reduction period. Consequently, its shareholding in Huizhou Desay SV Automotive remains unchanged at 7,980,268 shares, continuing to represent 1.44% of the company's total share capital.

The company confirmed that Shenhua Investment adhered strictly to the pre-disclosure requirements and that no violations occurred concerning the announced reduction plan. This outcome indicates that Shenhua Investment's commitments regarding share lock-up and reduction remain intact, and any future reduction plans would necessitate further disclosures.