Zongshen Power director completes share reduction plan

Chongqing Zongshen Power Machinery Co., Ltd. announced that director Hu Xianyuan has completed his share reduction plan. As previously disclosed on August 29, 2025, Mr. Hu planned to reduce his holdings by no more than 58,844 shares, representing 0.0051% of the company's total share capital, between September 19, 2025, and December 18, 2025.

Mr. Hu sold 58,800 shares through centralized bidding at an average price of 24.17 yuan per share. This transaction accounts for approximately 0.0051% of the company's total share capital. The shares sold were acquired through centralized bidding.

Following the reduction, Mr. Hu’s total holdings in the company decreased from 235,375 shares (0.0206% of total share capital) to 176,575 shares (0.0154%). His unrestricted shares reduced from 58,844 (0.0051%) to just 44 (0.0000%). The company confirmed that the share reduction complies with relevant laws and regulations and will not impact the company's control or governance structure.