Nanjing New Investment reduces TPV shares, ownership dips below 18%

Nanjing New Industrial Investment Group Co., Ltd. and its affiliated entity, Nanjing Mechatronics Industry (Group) Co., Ltd., have reported a reduction in their combined shareholding in TPV Technology. Between September 1 and September 19, 2025, Nanjing New Industrial Investment Group sold 41,113,000 shares through block trades, representing 0.91% of TPV Technology's total share capital. Nanjing Mechatronics Industry (Group) Co., Ltd. did not sell any shares during this period.

This transaction resulted in the combined ownership of Nanjing New Industrial Investment Group and Nanjing Mechatronics Industry (Group) decreasing from 18.91% to 17.999999% of TPV Technology's total share capital. This crossed the 1% integer multiple threshold for disclosure. The shares sold originated from a non-public issuance subscribed to by both entities in 2015.

The company confirmed that the selling shareholders are not controlling shareholders or actual controllers of TPV Technology, and the transaction will not alter the company's control or negatively impact its stable operations. The reduction complies with relevant laws and regulations.