Sinexcel Electric shareholders, executives announce share reduction plans

Shenzhen Sinexcel Electric Co. announced that a specific shareholder, Mr. Xiao Xueli, along with directors and senior management Mr. Wei Xiaoliang, Ms. Yang Liu, and board secretary Mr. Hu Tianshun, plan to reduce their shareholdings. Mr. Xiao Xueli, who holds 10,076,230 shares (3.2291% of total share capital), intends to offload up to 8,512,000 shares (2.7278%).

Mr. Wei Xiaoliang, a director and deputy general manager, holding 2,320,070 shares (0.7435%), plans to reduce his stake by up to 230,000 shares (0.0737%). Ms. Yang Liu, a director, deputy general manager, and CFO, holding 119,743 shares (0.0384%), aims to sell up to 29,900 shares (0.0096%). Board secretary Mr. Hu Tianshun, with 67,354 shares (0.0216%), intends to reduce his holding by up to 16,800 shares (0.0054%).

The reductions will occur over three months, commencing 15 trading days after the disclosure date (November 28, 2025, to February 27, 2026), primarily through centralized bidding or block trading. The shareholders state personal financial needs as the reason, assuring that the plan will not affect the company's governance or lead to a change in control.