Sungrow executives halt share sale plans to avoid short-term trading issues

Sungrow Power Supply Co., Ltd. announced the early termination of a previously disclosed share reduction plan by several of its directors and senior management. The affected individuals include vice chairman and senior vice president Mr. Gu Yanlei, director and senior vice president Mr. Wu Jiamao, vice president Mr. Deng Dejun, and vice president Ms. Wang Lei. Their combined plan, initially set to run from August 4, 2025, to November 3, 2025, aimed to reduce their holdings by up to 424,900 shares, representing 0.0207% of the company's total share capital.

As of the announcement date, none of these executives had implemented their planned share reductions. The decision to terminate early was made to prevent potential short-term trading issues, with the individuals intending to submit new share reduction plans at a later, legally permissible time, ensuring the reduction amount does not exceed the previously stated quantity.

The executives' current combined holdings amount to 1,909,851 shares, or 0.0930% of the total share capital. This decision follows the completion of the first vesting period for the company's 2023 restricted stock incentive plan, which saw these executives receive vested shares on May 13, 2025.