Enlight Media controlling shareholder completes share reduction plan

Beijing Enlight Media's controlling shareholder, Enlight Holdings Co., along with its persons acting in concert, Ms. Wang Hua and Mr. Wang Hongtian, have completed their previously announced share reduction plan. Mr. Wang Hongtian sold 5,983,700 shares through concentrated bidding, accounting for 0.20% of the company's total share capital, at an average price of CNY 20.31 per share. The shares were sold between June 16, 2025, and August 1, 2025, with prices ranging from CNY 19.31 to CNY 22.10 per share.

The shares sold by Mr. Wang Hongtian originated from those held prior to the initial public offering, including shares acquired through capital reserve transfers. This transaction completes the reduction plan, which was initially expected to involve up to 29,237,346 shares, representing no more than 1% of the company's total share capital after excluding shares in the dedicated buyback account.

Post-reduction, the combined shareholding of Enlight Holdings, Ms. Du Yinglian, Ms. Wang Hua, and Mr. Wang Hongtian decreased from 42.88% to 42.68% of the total share capital. Mr. Wang Hongtian's individual stake changed from 0.83% to 0.62%. The company states that this reduction will not affect its control or continuous operations.