major shareholder plans Zhejiang Crystal-Optech stock sale

Hangzhou Shengaizhe New Enterprise Management Partnership (Limited Partnership), a former co-actor of Zhejiang Crystal-Optech’s controlling shareholder, plans to sell up to 13,758,996 shares. This represents up to 0.99% of the company's total share capital or up to 1.00% after excluding shares in the dedicated repurchase account. The sale will occur within three months, from October 23, 2025, to January 22, 2026, via centralized bidding or block trading, with the selling price determined by market conditions.

As of the announcement date, Shengaizhe New holds 73,404,741 shares, representing 5.28% of the total share capital or 5.34% after excluding shares in the dedicated repurchase account. This share reduction follows the dissolution of its co-actor relationship with controlling shareholder Xingxing Group Co., Ltd. on July 14, 2025. The company emphasizes that the planned divestment will not impact its governance structure, equity composition, or future operations.