Keli Motor Group's controlling shareholder plans stake reduction

Keli Motor Group announced its controlling shareholder and actual controller, Nie Pengju, plans to reduce his stake in the company. Mr. Nie, who holds 176,853,813 shares, representing 23.78% of the company's total share capital, intends to sell up to 14,875,000 shares, equivalent to 2% of the total share capital. The shares will be sold via block trades between October 28, 2025, and January 23, 2026.

The primary reason cited for the share reduction is a need for funds. The sale price will be determined by market conditions at the time of transfer. The shares to be sold originate from pre-IPO holdings, including those accumulated through equity distribution and capitalisation issues. Purchasers of these shares via block trades will be subject to a six-month lock-up period.

Keli Motor Group emphasized this plan adheres to relevant laws and regulations and is not expected to alter the company's control structure or impact its corporate governance and ongoing operations.