Major shareholder to sell up to 3% stake in Oriental Ocean

Guoyuan Fund, a major shareholder in Shandong Oriental Ocean Sci-Tech Co., Ltd., intends to sell up to 58.74m shares, representing up to 3% of the company's total share capital. The divestment will occur between December 18, 2025, and March 17, 2026, through centralized bidding and block trading.

As of the announcement date, Guoyuan Fund holds 133.44m shares, equivalent to 6.81% of the total share capital. The planned reduction includes 19.58m shares via centralized bidding, accounting for no more than 1% of total share capital, and 39.16m shares through block trading, not exceeding 2% of total share capital. The shares originated from capital reserve transfers, and the sale is prompted by redemption requests from fund unit holders.

The shares held by Guoyuan Fund, acquired as a restructuring investor, were unfrozen and listed for trading on February 10, 2025. The fund emphasized this reduction aligns with its previously disclosed holding intentions and commitments, and it does not fall under prohibited circumstances for share reductions.