Key Runze Technology shareholder plans to cut stake by up to 1%

Ningbo Darong Mingchen Venture Capital Partnership (Limited Partnership), a significant shareholder in Runze Technology Group Co., Ltd., intends to divest up to 16,343,434 shares. This represents a reduction of up to 1.0000% of the company's total share capital, or 1.0023% based on the total share capital excluding shares in the company's dedicated buy-back account. The planned sell-off, driven by the need for capital, will occur between October 31, 2025, and January 30, 2026.

The divestment will be executed through a combination of block trades and concentrated bidding. Specifically, up to 8,171,717 shares (0.5000% of total share capital, or 0.5012% ex-buy-back account) are earmarked for block trades, with an equivalent number of shares targeted for sale via concentrated bidding. The selling price will be determined by market conditions. The company confirms that this planned reduction is consistent with previous disclosures and commitments made by the shareholder and related parties.

This move follows the expiration of a lock-up period on August 8, 2025, for shares related to a 2022 major asset restructuring. The company assures that the transaction complies with all relevant laws and regulations and will not lead to a change in control or adversely impact ongoing operations.