Oriental Yuhong controlling shareholder completes share reduction plan

Li Weiguo, the controlling shareholder and actual controller of Beijing Oriental Yuhong Waterproof Technology Co., Ltd., has completed his share reduction plan, selling a total of 46,328,737 shares, representing 1.9395% of the company's total share capital. The sales occurred between August 29, 2025, and October 10, 2025, through a combination of block trades and concentrated bidding.

Specifically, 23,825,237 shares were sold via concentrated bidding from September 5-26, 2025, at an average price of CNY 11.81 per share. An additional 22,503,500 shares were sold via block trades from August 29 to October 10, 2025, at an average price of CNY 11.69 per share.

Following the completion of the plan, the combined shareholding of Li Weiguo and his concerted party, Li Xingguo, has decreased from 22.6781% to 20.7386%. The company confirmed that this share reduction will not impact its governance structure, continuous operations, or lead to a change in control.