Kaifa Technology secretary plans minor share reduction

Ms. Zhong Yan, the board secretary of Shenzhen Kaifa Technology Co., Ltd., plans to reduce her shareholding in the company by no more than 22,000 shares. This amount represents approximately 0.0014% of the company's total share capital. As of the announcement date, Ms. Zhong holds 89,100 shares, or 0.0057% of the total share capital. The proposed reduction is scheduled to occur via centralized bidding within a three-month period, from December 27, 2025, to March 26, 2026.

The shares to be sold originated from the company's 2022 stock option incentive plan, exercised by Ms. Zhong. The selling price will be determined by market conditions. The company stated it has received notification of Ms. Zhong's intention to reduce her holdings due to personal financial requirements.

Shenzhen Kaifa Technology will ensure that Ms. Zhong adheres to all relevant laws and regulations, and promptly fulfills information disclosure obligations during the implementation of the share reduction plan.