Leili Motor: directors and major shareholder complete share reductions

Jiangsu Leili Motor Co., Ltd. has confirmed the completion of its share reduction plan by key shareholders and management, as disclosed in an announcement dated September 17, 2025. Changzhou Heli, a major shareholder, divested its entire holding of 9,177,280 shares, representing 2.052% of the company's total share capital, through concentrated bidding and block trades at average prices of 45.21 yuan and 45.91 yuan per share, respectively.

Concurrent with Changzhou Heli's actions, the company's former director and current deputy general manager, Wang Shilong, sold 27,000 shares (0.006%), retaining 83,073 shares. Director, board secretary, and CFO, Yin Chenglong, reduced his stake by 85,080 shares (0.019%), leaving him with 255,590 shares. Former supervisor, Zhang Jingfang, sold all 6,642 of her shares (0.001%).

The company noted that these transactions were conducted in accordance with previously disclosed plans and regulatory requirements. The combined reductions by Changzhou Heli, Wang Shilong, Yin Chenglong, and Zhang Jingfang do not involve the company's controlling shareholder or actual controller, and are not expected to materially impact the company's governance, equity structure, or future operations.