Sungrow Power directors complete share reductions

Sungrow Power Supply Co., Ltd. announced on November 19, 2025, that several of its directors and senior management have completed their share reduction plans. The involved executives include Zhao Wei, employee representative director and senior vice president; Chen Zhiqiang, vice president; Peng Chao Cai, vice president; Lu Yang, vice president and board secretary; and Tian Shuai, vice president and chief financial officer. These individuals collectively reduced their holdings by a total of 329,700 shares.

The share reductions were executed through centralized bidding or block trading methods between August 18, 2025, and November 17, 2025. Zhao Wei sold 150,000 shares at an average price of yuan 114.50, Chen Zhiqiang sold 131,200 shares at yuan 188.65, Peng Chao Cai sold 27,500 shares at yuan 97.44, Lu Yang sold 10,500 shares at yuan 191.32, and Tian Shuai sold 10,500 shares at yuan 185.75. The total reduction of 329,700 shares represents 0.0161% of the company's total share capital, excluding shares held in the company's buyback special securities account.

Following these transactions, Zhao Wei now holds 9,756,400 shares, Chen Zhiqiang 4,358,000 shares, Peng Chao Cai 827,500 shares, Lu Yang 315,000 shares, and Tian Shuai 315,000 shares. The company confirmed that the implementation of these share reduction plans aligns with previously disclosed information and complies with relevant laws and regulations, having no impact on the company's control or continuous operations.