Guangdong Kinlong director completes previously disclosed share reduction

Guangdong Kinlong Hardware Products announced that director Zhang Dekai has completed his share reduction plan, as previously disclosed on October 20, 2025. The plan involved Zhang Dekai selling up to 500,000 shares of the company's stock, representing 0.14% of the total share capital. The shares were sold via concentrated bidding between November 11, 2025, and November 12, 2025, at an average price of CNY 23.58 per share, with prices ranging from CNY 23.39 to CNY 23.76.

Following the sale, Zhang Dekai's total holdings in Guangdong Kinlong decreased from 2,011,550 shares (0.58% of total share capital) to 1,511,550 shares (0.43%). His unrestricted shares decreased from 502,888 to 2,888 shares, while his restricted shares remained at 1,508,662.

The company confirmed that the share reduction fully complies with relevant laws and regulations and is consistent with pre-disclosed intentions and plans. The reduction does not affect the company's controlling shareholder or actual controller, nor does it alter the company's governance structure or ongoing operations.