Yantai Jereh oilfield services director completes share reduction plan

Yantai Jereh Oilfield Services Group announced the completion of a share reduction plan by its vice chairman, Wang Jili. The plan, initially disclosed on August 21, 2025, involved the sale of up to 723,000 shares, representing 0.07% of the company's total share capital. The sales were conducted via centralized bidding transaction between September 17 and September 18, 2025.

The shares were sold at an average price of CNY 49.79 per share, with the highest transaction price being CNY 50.28 per share and the lowest CNY 49.03 per share. Prior to the reduction, Wang held 2,894,517 shares, or 0.2827% of the total share capital. Following the completion, her total holdings decreased to 2,171,500 shares, representing 0.2121%.

The company confirmed that the share reduction adhered to all relevant laws and regulations. Wang Jili is not a controlling shareholder or actual controller of the company, and the completion of this plan is not expected to affect the company's governance structure, ongoing operations, or lead to a change in control.