Broad Ocean Motor executives to reduce shareholdings

Zhongshan Broad Ocean Motor Co., Ltd. announced that three key executives plan to reduce their shareholdings. Ms. Liu Ziwen, director and executive vice president, intends to sell up to 350,000 shares. Mr. Liu Bo, director and vice president, plans to reduce his stake by up to 230,000 shares, and Mr. Wu Xiaoyun, vice president and CFO, will sell up to 300,000 shares.

The total proposed reduction across all three executives amounts to 880,000 shares, or 0.0361% of the company's share capital. These transactions, primarily sourced from equity incentives, are scheduled to occur via centralized bidding from November 27, 2025, to February 26, 2026. The reduction is attributed to the shareholders' personal financial needs.

The company stated that the planned share reductions will not lead to a change in control, nor will they significantly impact the company's governance structure or continuous operations.