Crystal-Optech shareholder reduces stake below 5% threshold

Hangzhou Shengaizhexin Enterprise Management Partnership, a shareholder of Zhejiang Crystal-Optech, has reduced its stake in the company from 5.278516% to 4.999995% between December 9 and December 15, 2025. This 0.278521% reduction, achieved through centralized bidding, means Shengaizhexin is no longer a shareholder with a stake of 5% or more. The total shares decreased were 3,873,200.

This transaction follows a previously disclosed plan on September 23, 2025, where Shengaizhexin announced its intention to divest up to 13,758,996 shares through centralized bidding or block trades between October 23, 2025, and January 22, 2026. The current share reduction is part of this strategic divestment, driven by the shareholder’s capital needs.

The change in equity structure does not affect Zhejiang Crystal-Optech’s controlling shareholder, actual controller, corporate governance, or ongoing operations. Shengaizhexin has confirmed no other stock transactions in the past six months and no encumbrances on its remaining shares.