Hengmingda insiders complete planned share reduction

Suzhou Hengmingda Electronic Technology Co., Ltd. recently confirmed the completion of a share reduction plan involving its controlling shareholder, actual controller, and several directors, supervisors, and senior management members. The total shares reduced by these parties amounted to 7,248,783 shares, representing 2.8292% of the company's total ordinary share capital.

The share reductions occurred across various periods between July and September 2025, with prices ranging from 31.20 yuan to 50.00 yuan per share. Key participants included Mr. Jing Shipei, who reduced his holdings by 2,318,421 shares, Ms. Jing Jingping by 1,904,539 shares, and Ms. Xia Chen by 2,418,646 shares. Other individuals and entities also completed their planned reductions.

The company affirmed that the implementation of this plan complies with relevant regulations and will not adversely affect the company's governance structure, continuous operations, or control. All parties involved reiterated their adherence to pre-disclosed commitments regarding lock-up periods and reduction intentions.