Dptech Technologies major shareholder to reduce stake

Hangzhou Dptech Technologies announced that major shareholder Zhou Shunlin, who holds 6.24% of the company's total share capital, intends to reduce his stake. The planned share reduction will involve up to 10,000,000 shares, representing 1.55% of the total share capital.

The reduction will occur within a three-month period, from December 11, 2025, to March 10, 2026, commencing 15 trading days after the announcement date. Zhou Shunlin cited personal financial needs as the reason for the sale, with shares originating from pre-IPO holdings and capital reserve transfers. The shares will be sold via centralized bidding or block trading on the Shenzhen Stock Exchange.

The company emphasized that Zhou Shunlin is not the controlling shareholder, actual controller, or a concerted party, and the proposed reduction is not expected to alter the company's control or negatively impact its governance structure and continued operations.