Yongxing Special Materials executives plan share reductions

Yongxing Special Materials Technology Co., Ltd. announced that its director, Zou Weimin, and senior management personnel, Gao Yaobin, plan to reduce their shareholdings. Zou Weimin, who currently holds 299,000 shares (0.0564% of the total share capital), intends to sell up to 70,000 shares. Gao Yaobin, holding 285,850 shares (0.0539% of the total share capital), also plans to sell up to 70,000 shares.

The proposed share reductions, amounting to no more than 0.0132% of the total share capital for each individual, will occur via centralized bidding within a three-month period. This period begins 15 trading days after the announcement's disclosure, specifically from December 25, 2025, to March 24, 2026. The shares originate from employee stock ownership plans and restricted stock incentive plans, with prices to be determined by market conditions.

Both executives have confirmed they are not controlling shareholders and that the reductions will not impact the company's control or stable operations. They also assured adherence to relevant laws and regulations, including annual transfer limits of 25% of their holdings during their tenure.