Major shareholder to trim stake in Jiangsu Huasheng Tianlong

Guangzhou Longshuo Enterprise Management Partnership, a major shareholder in Jiangsu Huasheng Tianlong Photoelectric Equipment Co., Ltd., holding 11,580,000 unrestricted shares (5.78% of total share capital), announced its intention to divest up to 2,005,065 shares. This represents a maximum of 1.00% of the company's total share capital. The planned reduction is due to the shareholder's operational needs.

The share reduction will occur within three months, starting from October 21, 2025, to January 20, 2026, following a 15-trading-day waiting period from the announcement date. The divestment will be executed through centralized bidding or block trading. For centralized bidding, the total shares sold in any 90-day period will not exceed 1.00% of the company's total shares. Similarly, for block trading, the same 1.00% limit applies within any 90-day period.

The shares originated from a judicial auction, and Guangzhou Longshuo has made no prior commitments regarding their transfer. The company assures that this planned reduction will not alter its control or significantly impact its corporate governance or ongoing operations.