Wangsu executives’ share reduction plan expires with no trades

Wangsu Science & Technology announced that the share reduction plan for several of its directors and senior management personnel, including chairman and vice general manager Li Boyang, director and vice general manager Zhou Liping, vice general manager and CFO Jiang Wei, vice general manager Li Dong, and vice general manager Huang Shalin, has expired. The plan, initially disclosed on May 22, 2025, involved reducing their respective holdings through centralized bidding or block trading.

According to the company's announcement dated September 15, 2025, the deadline for the share reduction plan has passed, and none of the aforementioned individuals executed any trades to divest their shares. Consequently, their individual shareholdings remain unchanged from the time the plan was first announced. For instance, Jiang Wei holds 702,500 shares (0.0287% of total share capital), Li Dong holds 171,875 shares (0.0070%), Huang Shalin holds 938,576 shares (0.0384%), Li Boyang holds 812,500 shares (0.0332%), and Zhou Liping holds 4,778,384 shares (0.1954%).

The company confirmed that the expired plan adhered to all relevant regulations, and the non-execution of trades does not violate any previously disclosed commitments. Wangsu Science & Technology currently has no controlling shareholder or actual controller, and this event is not expected to impact its corporate governance structure or ongoing operations.