Shenzhen SC new energy executives cut holdings, end share sale plans early

Shenzhen SC New Energy Technology Corp (SZSE:300724) announced that two senior executives, Jin Jinglie and Tan Xiangping, have prematurely terminated their share reduction plans. The original plan, disclosed on September 5, 2025, intended for Jin to sell up to 5,600 shares and Tan to sell up to 5,000 shares between September 29, 2025, and December 28, 2025.

As of the announcement date, Jin had sold 5,000 shares at an average price of CNY 101.28 per share on November 13, 2025, representing 0.0014% of the company's total share capital. Tan sold 2,000 shares at an average price of CNY 100.76 per share between November 6 and November 12, 2025, accounting for 0.0006% of the total share capital. All shares sold originated from restricted stock incentive plans.

The early termination means that the remaining unsold shares from their original plans will not be further reduced within the planned timeframe. Post-reduction, Jin now holds 17,600 shares (0.0051%), including 650 unrestricted and 16,950 restricted shares, while Tan holds 18,180 shares (0.0052%), comprising 3,045 unrestricted and 15,135 restricted shares. The company confirmed that the share reductions did not violate relevant regulations and will not affect the company's control or governance structure.