Digital China Info executives plan share sale

Digital China Information Service Group Co., Ltd. announced that several key executives, including chairman and president Li Hongchun, executive vice president Yu Hongzhi, CFO and board secretary Liu Weigang, and vice president Liu Hong, plan to sell a portion of their shares. The divestment, driven by personal financial needs, will occur via centralized bidding within three months starting December 1, 2025, to February 28, 2026.

The executives plan to collectively reduce their holdings by a maximum of 380,950 shares. This represents 0.0390% of the company's total share capital and 0.0396% of the total share capital after excluding shares in the dedicated repurchase account. As of the announcement date, the company's total share capital is 975,774,437 shares, with 960,914,973 shares remaining after accounting for the repurchase account.

The shares originate from the company's 2019 equity incentive plan's exercised stock options and restricted shares. The transaction prices will be determined by market prices at the time of the sale. The company confirmed that these sales will not alter its control structure or negatively impact corporate governance and operations.