Sichuan Development Long-Mo: senior executives complete share reduction plan

Sichuan Development Long-Mo Co., Ltd. announced today that its senior management personnel have completed their previously disclosed share reduction plans. The plan, initially announced on June 25, 2025, involved vice general manager Ms. Lv Xian, chief security officer Mr. Duan Feng, vice general manager Mr. Luo Xianming, and chief engineer Mr. He Feng, with a total planned reduction of no more than 159,375 shares.

The company received notifications from Ms. Lv Xian, Mr. Luo Xianming, and Mr. He Feng confirming the completion of their share reductions through centralized bidding. Ms. Lv Xian reduced her holdings by 43,750 shares, Mr. Luo Xianming by 43,750 shares, and Mr. He Feng by 50,000 shares. These reductions represent 0.0023%, 0.0023%, and 0.0026% of the company's total share capital, respectively. Mr. Duan Feng did not reduce his shareholdings during this period.

The total shares reduced by the three executives amounted to 137,500 shares, representing 0.0073% of the company's total shares. The weighted average prices for the reductions ranged from CNY 10.7000 to CNY 11.7000. The company confirmed that the share reduction plan aligns with relevant regulations and will not significantly impact the company's governance structure or future operations, nor will it lead to a change in control.