Haige Communications shareholder to cut stake for personal financial planning

Yang Haizhou, a shareholder in Guangzhou Haige Communications Group Incorporated Company, plans to reduce his stake by selling up to 3,500,000 shares. This amount represents approximately 0.1421% of the company's total share capital, after accounting for shares in the buyback special account. As of the announcement date, Mr. Yang holds 27,925,075 shares, which is roughly 1.1341% of the company's total share capital.

The shares to be sold originated from holdings prior to the company's initial public offering and shares acquired through capital reserve transfers. The disposals will occur via centralized bidding over a three-month period, commencing 15 trading days after the announcement date. The selling price will be determined by market prices at the time of the transaction.

Mr. Yang has confirmed compliance with his previous lock-up and share reduction commitments. The company has stated that the implementation of this plan will not result in a change of control or have a significant impact on its governance structure or ongoing operations.