Haige Communications shareholder completes share reduction plan

Guangzhou Haige Communications Group Incorporated Company announced that its shareholder, Mr. Yang Haizhou, has completed his share reduction plan. The company previously disclosed the plan on September 12, 2025, detailing Mr. Yang’s intention to reduce his holdings by no more than 3,500,000 shares through centralized bidding.

As of the disclosure date of this announcement, Mr. Yang Haizhou has fully implemented the plan, divesting 3,500,000 shares through centralized bidding transactions. This amount represents approximately 0.1421% of the company's total share capital, excluding shares in the dedicated repurchase account. The average reduction price per share was CNY 12.24, with the transactions occurring between October 13, 2025, and November 18, 2025.

Following the completion of this reduction, Mr. Yang Haizhou’s total holdings in the company decreased from 31,425,075 shares (1.2762%) to 27,925,075 shares (1.1341%). All the reduced shares were unlimited sale condition shares, originating from his holdings prior to the company's initial public offering and shares obtained through capital reserve transfers. The company confirmed that Mr. Yang’s share reduction strictly adhered to relevant regulations and was consistent with the previously disclosed intentions and commitments.