Wangsu director trims stake, meets 1% integer threshold

Liu Chengyan, a director and shareholder holding over 5% of Wangsu Science & Technology, completed a share reduction of 410,000 shares on December 8, 2025, via concentrated bidding. This transaction represents 0.02% of the company's total share capital. Following the reduction, Liu Chengyan's ownership decreased from 7.02% to 7.00%, meeting a 1% integer multiple threshold.

This share reduction aligns with the pre-disclosure announcement made on November 13, 2025, where Liu Chengyan planned to reduce his holdings by no more than 24,594,497 shares through concentrated bidding. The company confirmed the current reduction is consistent with the disclosed plan, and the total quantity reduced to date has not exceeded the planned amount. The overall share reduction plan is still ongoing.

Wangsu Science & Technology currently has no controlling shareholder or actual controller. The company stated this share reduction will not affect its corporate governance structure or continuous operations, and Liu Chengyan remains a shareholder holding over 5% of the company's shares after this transaction.