Kstar controlling shareholder completes 1% share reduction

Shenzhen Kstar Science And Technology Co., Ltd. announced its controlling shareholder, Ningbo Kstar Venture Capital Partnership, completed a share reduction plan that touched a 1% integer multiple of the company's total share capital. The plan, previously disclosed on July 10, 2025, involved the reduction of up to 5,822,200 shares.

Between August 29, 2025, and September 26, 2025, Ningbo Kstar Venture Capital sold 5,822,200 shares through centralized bidding, representing 1% of the company's total share capital. Following this transaction, the controlling shareholder and its concerted parties' total holdings decreased from 357,291,610 shares to 351,469,410 shares, with their holding percentage moving from 61.37% to 60.37%.

The company confirmed that the share reduction was consistent with prior disclosures and within the scope of the original plan. It will not lead to a change in company control or adversely impact ongoing operations.