Shareholder Li Hulin's stake in Suzhou Crystal Clear Chemical falls below 5%

Shareholder Li Hulin's stake in Suzhou Crystal Clear Chemical has undergone significant changes between March 2020 and September 2025. His holding initially increased from 11,749,143 shares (6.61%) to 50,185,216 shares. However, due to various corporate actions, including share buybacks, private placements, convertible bond conversions, capital reserve to share capital transfers, and share incentive plan vestings, his ownership percentage decreased to 4.68% as of September 19, 2025.

Excluding shares held in the company's dedicated buyback account, Li Hulin's shareholding percentage is 4.69%, a reduction from the initial 6.61% and now below the 5% threshold. These changes also include a cumulative reduction of 7,000,000 A shares through block trades.

The company's announcement confirms these changes will not trigger a tender offer, nor will they alter the company's controlling shareholder or actual controller, thus having no material impact on its ongoing operations. Li Hulin has no plans to increase his holdings within the next 12 months but does not rule out further reductions.