Longshine Technology shareholder completes significant stake reduction

YUE QI CAPITAL LIMITED, a shareholder of Longshine Technology Group Co., Ltd., has completed its previously announced share reduction plan. The plan, which ran from July 3, 2025, to October 2, 2025, involved the sale of company shares through centralized bidding. As of September 30, 2025, YUE QI CAPITAL LIMITED had reduced its holdings by 10,782,162 shares, representing 1.00% of Longshine Technology Group's total share capital. The average reduction price was CNY 21.83 per share.

Before the reduction, YUE QI CAPITAL LIMITED held 64,234,510 shares, constituting 5.96% of the total share capital. Following the completion of the plan, the shareholder's stake now stands at 53,452,348 shares, or 4.96%. The company confirmed this share reduction complies with relevant laws and regulations.

Longshine Technology Group clarified that YUE QI CAPITAL LIMITED is not its controlling shareholder or de facto controller. Therefore, this share reduction is not expected to result in a change of control or have a significant impact on the company's governance structure or continuous operations.