Donlink International executives to reduce holdings for personal needs

Donlink International Investment (Guangzhou) Co., Ltd. has announced that five of its directors and senior management members will collectively reduce their holdings in the company. Chairman Guo Baichun, along with directors and senior managers Liu Bingyan, Zheng Youye, Su Xuejun, and Liu Yonggang, plan to sell up to 540,000 shares. This represents 0.0591% of the company's current total share capital, excluding repurchased shares.

The shares originate from restricted stock units granted under the 2022 stock option and restricted stock incentive plan, which have now become tradable. The purpose of these sales is to meet personal financial needs. The sales will be conducted through centralized bidding or block trades, commencing 15 trading days after the announcement and concluding within three months.

Currently, Guo Baichun holds 1,080,000 shares (0.1182%), while Liu Bingyan, Zheng Youye, and Su Xuejun each hold 288,000 shares (0.0315% each). Liu Yonggang holds 216,000 shares (0.0236%). The planned sales will see Guo Baichun dispose of 270,000 shares, and the other four executives each selling 72,000 shares. The company confirmed that these individuals are not controlling shareholders, and the divestment will not alter the company's control, governance, or operational stability.