Northking Information Technology: Share reduction plan by major shareholder concludes

Northking Information Technology Co., Ltd. announced the conclusion of a share reduction plan by Yuan Dao (Wenzhou) Venture Capital Partnership, a concerted action party of its controlling shareholder and actual controller. The plan, initially disclosed on July 12, 2025, aimed to reduce holdings by up to 26,000,000 shares, representing 3.00% of the company's total share capital.

The actual reduction saw Yuan Dao Investment sell a total of 15,081,454 shares, equivalent to 1.74% of the company's total share capital. This was achieved through both centralized bidding and block trades. Centralized bidding accounted for 8,659,927 shares at an average price of 22.30 yuan per share, while block trades involved 6,421,527 shares at an average price of 18.97 yuan per share.

Following the completion of the plan, Yuan Dao Investment's total holdings in Northking Information Technology decreased from 58,846,227 shares (6.78% of total share capital) to 43,764,773 shares (5.05% of total share capital). The company confirmed that the implementation of the reduction plan complied with relevant laws and regulations, and there were no breaches of prior commitments made by Yuan Dao Investment.