Sunwoda concludes employee stock plan, major shareholders adjust holdings

Sunwoda Electronic has fully divested shares under its third employee stock ownership plan by November 10, 2025. This involved selling 11.63 million shares, representing 0.63% of the company's total share capital. The plan, which initially purchased shares for 383,790,000 yuan at an average price of 33 yuan per share, underwent multiple extensions, ultimately extending until January 19, 2027. Following the sale, the company will proceed with asset liquidation and distribution to participants.

Concurrently, major shareholder Wang Mingwang and his associate Wang Wei have adjusted their shareholdings. Wang Mingwang processed the release of 22.8 million pledged shares by November 11, 2025, held across multiple institutions.

As of November 11, 2025, Wang Mingwang's total pledged shares amount to 89.99 million, representing 24.87% of his holdings. Wang Wei’s pledged shares total 12.48 million, or 9.42% of his holdings, all of which are restricted shares for directors, supervisors, and senior management.