Kinglai Hygienic Materials directors, executives to reduce shareholdings

Five directors and senior executives of Kunshan Kinglai Hygienic Materials Co., Ltd. plan to reduce their shareholdings through centralized competitive bidding. The individuals are director Li Shanjun, director Weng Pengbin, director Li Hongqing, cfo Huang Shihua, and deputy general manager Zhang Yu. The reductions are scheduled to occur between December 24, 2025, and March 23, 2026.

Director Li Shanjun, holding 973,620 shares (0.2399% of total share capital), plans to reduce up to 243,405 shares (0.0600%). Cfo Huang Shihua, with 156,801 shares (0.0386%), intends to reduce up to 39,200 shares (0.0097%). Deputy general manager Zhang Yu, holding 58,091 shares (0.0143%), aims to reduce up to 14,523 shares (0.0036%).

Directors Weng Pengbin and Li Hongqing, holding 44,591 shares (0.0110%) and 45,000 shares (0.0111%) respectively, plan to reduce up to 11,148 shares (0.0027%) and 11,250 shares (0.0028%) each. The primary motivation for these reductions is personal capital requirements, with shares sourced from restricted stock equity incentives and secondary market purchases. The company emphasized that these reductions will not impact its control, governance, or sustained operations.