Shandong Sunway executive to sell shares for personal funding needs

Wang Wenxu, a senior manager, vice president, and chief financial officer at Shandong Sunway Petrochemical Engineering, plans to sell up to 120,656 shares of the company's stock. This represents approximately 0.0186% of the company's total share capital. The proposed reduction period will span three months, from October 16, 2025, to January 15, 2026, with sales executed via centralized bidding. This move is attributed to personal funding needs.

As of the announcement date, Wang Wenxu holds 482,625 shares, constituting 0.0744% of the company's total share capital. The planned sale amount does not exceed 25% of his current holdings, aligning with internal company regulations and his previous commitments. The shares originate from an equity incentive plan and subsequent share rights distributions.

The company affirmed that Wang Wenxu’s planned share reduction complies with all relevant laws and prior commitments. The company does not anticipate any impact on its control structure or ongoing operations.