Zhongji Innolight executive completes share reduction plan

Zhongji Innolight announced that its director and executive vice general manager, Wang Xiaodong, concluded his share reduction plan as of November 24, 2025. The plan, initially disclosed on August 2, 2025, aimed to reduce Wang's holdings by no more than 719,052 shares, representing 0.06% of the company's total share capital.

Between August 27, 2025, and November 24, 2025, Wang sold 708,552 shares through centralized bidding at an average price of 414.24 yuan per share. This transaction accounts for 0.06% of the company's total share capital, aligning with the pre-disclosed plan. The shares sold originated from holdings acquired through centralized bidding in the secondary market and shares transferred from equity distributions.

Following the completion, Wang's total holdings decreased from 2,876,209 shares (0.259%) to 2,167,657 shares (0.195%). His unrestricted shares now stand at 10,500, down from 719,052. The company confirmed that Wang's actions comply with relevant regulations and that this reduction will not alter the company's control structure or impact its governance and operations.