Xiamen Changelight executives to sell shares for personal financial needs

Xiamen Changelight announced that two senior executives, Liu Zhao and Liu Wenhui, plan to reduce their shareholdings. Liu Zhao, currently holding 1,461,300 shares (0.16% of total share capital), intends to sell up to 365,325 shares, representing 0.04% of the company's total share capital. Liu Wenhui, who holds 1,340,000 shares (0.15% of total share capital), plans to sell up to 335,000 shares, also representing 0.04% of the total share capital. The total share capital calculation is based on 21,197,380 shares, excluding repurchased shares.

The sales will occur within three months, starting 15 trading days from the announcement date, utilizing concentrated bidding and block trade methods. The executives cite personal financial needs as the reason for the reduction. The shares originate from equity incentives and, for Liu Zhao, also from secondary market purchases.

The company clarified that neither executive is a controlling shareholder or de facto controller, and the planned share reductions are not expected to change the company's control, governance structure, or ongoing operations.