Dian Guang Explosion-proof's controlling shareholder completes share reduction plan

Dian Guang Explosion-proof Science & Technology Co., Ltd. announced the completion of its controlling shareholder, Dian Guang Technology Co., Ltd., and actual controller, Shi Suibiao's share reduction plan. Dian Guang Technology Co., Ltd. reduced its holdings by 9.49m shares (2.62% of total share capital) through centralized bidding and block trading between August 7, 2025, and October 23, 2025. The average selling price for centralized bidding was 17.78 yuan per share, and for block trading, it was 14.28 yuan per share.

During the same period, Shi Suibiao reduced his holdings by 1.38m shares (0.38% of total share capital) through centralized bidding, with an average price of 17.53 yuan per share. This transaction adheres to previously disclosed intentions and commitments.

Post-completion, Dian Guang Technology Co., Ltd.'s stake in the company decreased from 44.99% (162.90m shares) to 42.37% (153.41m shares). Shi Suibiao's stake also saw a proportional reduction from 3.83% (13.86m shares) to 3.45% (12.48m shares). The company confirmed this share reduction will not negatively impact its governance structure or ongoing operations, nor will it result in a change of control.