Huatu Cendes shareholder to reduce stake for personal needs

Huatu Cendes Design Co., Ltd. announced that shareholder Zhang Peng intends to reduce his stake in the company. Zhang Peng, who holds 366,740 shares, representing 0.19% of the company's total share capital, plans to sell up to this entire amount. The reduction will occur via centralized bidding within three months, commencing three trading days after the announcement's disclosure, from December 25, 2025, to March 24, 2026.

The reason cited for the share reduction is personal financial needs. The shares originate from pre-initial public offering acquisitions and shares obtained through capital reserve transfers. The selling price will be determined by the secondary market price at the time of reduction, but will not be below the initial offering price, adjusted for any stock splits or dividends.

Huatu Cendes confirmed that Zhang Peng has adhered to all prior commitments and that the planned reduction complies with relevant securities laws and regulations. The company also noted that the implementation of the plan is subject to market conditions and will not alter the company's control structure or ongoing operations. Investors are advised to exercise caution due to market risks.