Jingsheng mechanical & electrical directors to reduce personal shareholdings

Zhejiang Jingsheng Mechanical & Electrical announced that several directors and senior management, including Mr. Zhu Liang, Mr. Fu Linjian, Mr. Zhang Jun, Ms. Lu Xiaowen, and Mr. Shi Gang, collectively plan to reduce their shareholdings. As of the announcement date, these individuals hold a total of 11,104,816 shares, representing 0.85% of the company's total share capital (excluding shares in the buyback dedicated account).

The planned reduction involves a total of 2,776,203 shares, which accounts for 0.21% of the company's total share capital. This will occur over a three-month period, from November 8, 2025, to February 7, 2026, using either centralized bidding or block trade methods. The primary reason cited for the share sale is personal funding requirements, with the actual sale price to be determined by market conditions at the time of the transaction.

The company confirmed that the planned share reduction complies with relevant laws and regulations and will not result in a change of control or have a significant impact on the company's governance, equity structure, or ongoing operations. The involved parties have confirmed no breaches of prior commitments related to shareholding, and the company will disclose progress as required.