Hubei Feilihua directors announce share reduction plans

Hubei Feilihua Quartz Glass Co., Ltd. announced that director and deputy general manager Zhou Shenggao, and employee representative director Sun Kai, plan to reduce their shareholdings.

Zhou Shenggao, who currently holds 6,107,100 shares (1.1700% of the total share capital after deducting treasury shares), intends to sell up to 600,000 shares, representing 0.1149% of the total share capital. Sun Kai, holding 99,000 shares (0.0190% of the total share capital), plans to divest up to 20,000 shares, which accounts for 0.0038% of the total share capital.

The reductions will be conducted via centralized bidding within three months, starting 15 trading days after the announcement's publication. The reason for the share reduction is stated as personal capital requirements. The shares originate from initial public offering holdings, increased holdings, and shares acquired through restricted stock incentive plans.

The company emphasized that the planned reductions comply with relevant laws and regulations and will not affect the company's control or governance structure.