SC New Energy executive completes share reduction plan

Jiang ZEYU, an individual acting in concert with the controlling shareholder and actual controller of Shenzhen SC New Energy Technology Corp (stock code: 300724), has completed his share reduction plan. The plan, initially disclosed on May 16, 2025, involved the sale of up to 968,000 shares via centralized bidding and up to 5,203,000 shares via block trading. The total reduction amounted to 968,000 shares through centralized bidding at an average price of 61.48 yuan per share, and 4,657,000 shares through block trading at an average price of 56.53 yuan per share. These shares originated from the company's initial public offering.

The share reduction period, which ran from June 10, 2025, to September 9, 2025, has now officially expired. Prior to the reduction, Mr. Jiang ZEYU held 14,225,326 shares, representing 4.10% of the total share capital. Following the completion of the plan, his holdings have decreased to 8,600,326 shares, or 2.48% of the total share capital.

The company confirmed that the implementation of this share reduction plan adheres to relevant regulations, including those from the Shenzhen Stock Exchange, and will not result in a change of company control or have an adverse impact on its corporate governance or ongoing operations.