DHC Software's controlling shareholder reduces stake, triggering threshold

Xue Xiangdong, DHC Software's controlling shareholder and actual controller, sold 10,983,222 shares of the company's stock through centralized bidding between October 15, 2025, and November 20, 2025. This transaction reduced his direct ownership from 11.24% to 10.90%, triggering a 1% threshold change in his equity. The reduction was made to address personal capital needs.

Following this transaction, Xue Xiangdong and his concerted parties collectively hold 35.22% of DHC Software's total share capital, including both direct and indirect holdings. The company confirmed that this share reduction complies with relevant regulatory provisions and is not expected to impact its governance, equity structure, or future operations, nor will it lead to a change in control.

The transaction aligns with a pre-disclosure announcement made on September 13, 2025, and the volume of shares sold falls within the disclosed reduction plan.