Kinlong director plans sale of up to 3m shares

Guangdong Kinlong Hardware Products announced that Bai Baoping, a director and an acting party to the controlling shareholder, plans to divest up to 3,000,000 shares of the company. This represents 0.86% of the company's total share capital, calculated based on current outstanding shares excluding those in the dedicated buyback account. Bai Baoping currently holds 23,874,345 shares, accounting for 6.83% of the company's total share capital.

The planned share reduction will occur between December 26, 2025, and March 25, 2026, within three months after 15 trading days from the disclosure date. The shares will be sold through centralized bidding or block trading, with the selling price determined by market conditions. The reason for the divestment is personal financial needs, with the shares originating from pre-IPO holdings and shares acquired through profit distribution.

The company confirmed that Bai Baoping has strictly adhered to her previous commitments regarding share lock-up and reduction. The implementation of this plan is not expected to alter the company's control structure or significantly impact its corporate governance and operations.