Jones Tech directors plan 0.12% share reduction

Beijing Jones Tech Co., Ltd. announced that its directors, Chen Qu and Chen Yu, plan to collectively reduce their shareholding by up to 362,894 shares. This reduction represents about 0.12% of the company’s total share capital after excluding shares in the buyback special account. As of the announcement date, the two directors jointly hold 1,451,574 shares, or 0.49% of the adjusted total share capital.

The planned share reduction will occur through centralized bidding over three months, from December 16, 2025, to March 15, 2026. The shares originate from pre-IPO issuances and stock options granted under the 2018 restricted stock incentive plan, including shares from capital reserve transfers due to equity distributions. The selling price will be determined by market conditions but will not be lower than the company’s initial public offering price, adjusted for any subsequent equity distributions.

The company confirmed the planned divestment aligns with the directors’ previous commitments regarding share lock-up and reduction. These directors are not controlling shareholders, and the share reduction is not expected to alter the company’s control structure or impact its governance and ongoing operations. The company will adhere to relevant regulations and disclose the progress of the share reduction.