Yutong Optical executives plan significant share reduction

Dongguan Yutong Optical Technology announced that its director and general manager, Jin Yonghong, plans to reduce his shareholding by up to 2.2m shares (0.5930% of total share capital). Concurrently, senior management member Chen Tianfu intends to divest up to 100,000 shares (0.0270% of total share capital). The combined reduction totals 2.3m shares, representing 0.6200% of the company's total share capital (excluding shares in the buyback account).

The share reductions, cited as being for "personal capital needs," are scheduled to occur via centralized bidding or block trading within three months, starting 15 trading days after the announcement's disclosure date (October 17, 2025, to January 16, 2026). The selling price will be determined by market prices at the time of the transaction.

Despite these changes, the company confirmed that the planned share reductions will not lead to a change in company control, nor will they negatively impact the company's governance structure or future sustainable operations. The executives are not controlling shareholders.