JSTI Group major shareholders and executives announce share reductions

JSTI Group announced that its major shareholder, Fu Guanhua, along with board secretary Pan Linglsong and vice president Zhang Haijun, plan to reduce their shareholdings. Fu Guanhua, who currently holds 126,933,376 shares (10.0515% of total capital) and an additional 24,428,000 shares through an associated fund (1.9344%), intends to sell up to 10 million shares, representing 0.7919% of the company's total share capital.

Pan Linglsong, holding 9,227,738 shares (0.7307%), plans to reduce her stake by up to 1.8 million shares (0.1425%). Zhang Haijun, with 4,155,565 shares (0.3291%), aims to sell up to 800,000 shares (0.0633%). These reductions will occur through concentrated bidding over a three-month period starting 15 trading days after the announcement date (December 1, 2025, to February 28, 2026), driven by personal capital requirements.

The planned sales will source shares from those acquired before the initial public offering, through capital reserve conversions from equity distributions, and via equity incentive programs. The company emphasizes that these reductions will not impact its governance structure, equity structure, or continuous operations, nor will they alter company control.