Fibocom shareholder to reduce stake for personal financial needs

A specific shareholder of Fibocom Wireless, holding 3,303,822 shares (0.37% of total share capital), plans to reduce her holdings by up to 825,955 shares, representing 0.09% of the company's total share capital. The reduction will occur through centralized bidding and block trading on the Shenzhen Stock Exchange, driven by the shareholder's personal funding needs.

The shares to be sold originated from pre-IPO holdings obtained through a divorce property settlement, including shares converted from capital reserves after listing. The reduction period will span three months, commencing fifteen trading days after the announcement date. The specific selling price will be determined by market conditions.

Fibocom Wireless emphasizes that the shareholder is not a controlling shareholder or actual controller of the company. This planned share reduction will not alter the company's control or negatively impact its ongoing operations. The company will ensure compliance with all relevant regulations regarding information disclosure and the implementation of the share reduction plan.