Yueyang Xingchang shareholder completes planned share reduction

Yueyang Xingchang Petrochemical Co., Ltd. announced that Hunan Changlian Xingchang Group Co., Ltd. (Xingchang Group), a party acting in concert with a shareholder holding over 5% of the company's shares, completed its planned share reduction. Between July 22, 2025, and October 21, 2025, Xingchang Group sold 1,285,200 shares through concentrated bidding at an average price of 19.09 yuan per share, representing 0.35% of the company's total share capital.

The shares sold by Xingchang Group originated from equity reform residual shares and their accrued dividends, with transaction prices ranging from 17.34 to 20.50 yuan per share. Following this reduction, Xingchang Group's direct holding decreased from 3.27% to 2.93% of the total share capital.

Combined with Hunan Changlian Xingchang Enterprise Service Co., Ltd., the total holdings of both parties acting in concert now stand at 39,658,163 shares, or 10.74% of the company's total share capital, down from 11.07%. The company confirmed that this reduction complies with relevant regulations and does not affect the company's control or operations.