Wangsu director ends share sale early

Mr. Liu Chengyan, a director and significant shareholder of Wangsu Science & Technology, has announced the early termination of his share reduction plan. Originally disclosed on July 10, 2025, the plan intended to sell up to 49,251,757 shares between August 1 and October 31, 2025. Between August 18 and August 26, 2025, Mr. Liu sold 24,438,000 shares through centralized bidding at an average price of CNY 12.40 per share, representing 0.9936% of the company's total share capital.

Following this sale, Mr. Liu's total holdings decreased from 197,007,029 shares (8.06%) to 172,569,029 shares (7.02%). His unrestricted shares were reduced from 49,251,757 to 24,813,757, while his restricted shares remained at 147,755,272. The remaining 24,813,757 shares from the initial plan will not be sold.

The company confirmed that the share reduction adhered to all relevant laws and regulations, and the early termination will not affect the company's governance structure or ongoing operations.