Wuhan Jingce shareholder reduces stake by 0.05%

Wuhan Jingce Electronic Group announced that shareholder Hu Jun completed his share reduction plan, which commenced with a disclosure on August 1, 2025. Between November 19 and November 21, 2025, Hu Jun cumulatively reduced his holdings by 131,000 shares through concentrated bidding. This represents 0.05% of the company's total share capital, falling below the initially planned maximum reduction of 0.93% (2,600,000 shares).

Before the reduction, Hu Jun held 7,032,108 shares, representing 2.51% of the total share capital as of July 31, 2025. After the reduction, his holdings decreased to 6,901,108 shares, accounting for 2.47% of the total share capital as of November 21, 2025. The weighted average prices for the transactions ranged from 65.84 yuan to 68.14 yuan.

The company confirmed that the implementation of the share reduction plan adhered to relevant regulations, including those of the Shenzhen Stock Exchange, and was consistent with the previously disclosed plan. Hu Jun's share reduction prices were determined by market prices and were not below the company's initial public offering price, in line with prior commitments.