Wuhan Fingu's controlling shareholder reduces stake, triggering disclosure

Wuhan Fingu Electronic Technology Co., Ltd. announced a reduction in equity interests by its controlling shareholder, Mr. Meng Qingnan, and persons acting in concert, including Mr. Meng Fanbo. From November 12, 2025, to December 1, 2025, Mr. Meng Qingnan sold 3,894,800 shares, representing 0.5700% of the company's total share capital. Concurrently, Mr. Meng Fanbo sold 4,621,700 shares.

The combined sales by Mr. Meng Qingnan and Mr. Meng Fanbo totaled 8,516,500 shares, equating to a 1.2464% reduction in the company’s total share capital. This change lowered the aggregate holdings of the controlling shareholder and persons acting in concert from 42.9169% to 41.6705%.

This adjustment in equity ownership has triggered a disclosure requirement as it crosses an integer multiple of 1%. The company confirms that this equity change will not alter the company's control or significantly impact its governance structure or ongoing operations.