Suzhou TFC Optical directors plan share reductions

Suzhou TFC Optical Communication announced that its directors and senior management, including Wang Zhihong, Chen Kairong, and Wu Wentai, plan to reduce their shareholdings. Wang Zhihong, a director and deputy general manager, intends to reduce his holding by up to 395,000 shares, representing 0.0509% of the company's total share capital. Chen Kairong, secretary to the board and deputy general manager, plans to sell up to 56,000 shares (0.0073%), while Wu Wentai, cfo, will reduce his stake by up to 24,000 shares (0.0031%).

The share reductions will occur over three months, starting December 24, 2025, to March 23, 2026, excluding blackout periods. The executives will use concentrated bidding for these transactions. The primary reasons cited for the sale include shares acquired through equity incentive subscriptions, payment of related taxes, and other personal financial needs.

The shares originate from holdings prior to the initial public offering, equity incentive grants, and shares transferred through equity distributions. The selling price will be determined by market conditions at the time of the transaction. The company confirmed that these reductions will not result in a change of control, nor will they significantly impact corporate governance, shareholding structure, or ongoing operations.