Noposion agrochemicals' controller cuts stake, triggers 1% threshold

Shenzhen Noposion Agrochemicals announced its actual controller, Lu Baiqiang, and his concerted parties—Shenzhen Noposion Investment Holding Co., Ltd., Yunnan Runbaoyingxin Agriculture Co., Ltd., and Lu Cuidong—have collectively reduced their stake. Between December 1 and December 18, 2025, they sold 10,052,000 shares through concentrated bidding and block trades, representing 1% of the company's total share capital.

This transaction decreased their combined shareholding from 351,817,039 shares (35% of total share capital) to 341,765,039 shares (34% of total share capital). The reduction triggered the 1% threshold for equity changes, as previously disclosed in a pre-disclosure announcement on September 9, 2025, which indicated a planned reduction of up to 30,000,000 shares.

The company stated this equity change will not result in a shift in control, nor will it adversely affect the company's governance structure or operations. The transaction adheres to relevant laws and regulations, including the Securities Law of the People's Republic of China.