Major shareholder to cut stake in Wuhu Token Sciences

Xinjiang Runfeng Equity Investment Enterprise, a major shareholder in Wuhu Token Sciences, plans to reduce its stake by up to 64.3m shares, representing 2.60% of the company's current total share capital. This sell-off will occur between October 28, 2025, and January 27, 2026, through both centralized bidding and block trading.

Up to 14.8m shares (0.60% of total share capital) will be sold via centralized bidding, and up to 49.5m shares (2.00% of total share capital) will be sold via block trading. Xinjiang Runfeng currently holds 172.1m shares, or 6.95% of Wuhu Token Sciences' total share capital. The reason cited for the reduction is the shareholder's own funding needs, with shares originating from the company’s initial public offering.

The planned reduction complies with previously disclosed commitments and regulatory requirements. Wuhu Token Sciences confirmed this share reduction will not affect the company's control, governance structure, or ongoing operations, as Xinjiang Runfeng is not a controlling shareholder or the actual controller.