Envicool shareholder plans to cut stake by 0.56%

Shanghai Bingyuanxu Equity Investment Development Center (Limited Partnership), a shareholder in Shenzhen Envicool Technology Co., Ltd., plans to reduce its stake by up to 5,494,883 shares. This represents approximately 0.56% of the company's total share capital. The divestment, driven by the shareholder's operational funding needs, will occur through centralized bidding or block trading.

The reduction is scheduled to take place over three months, commencing three trading days after the announcement's disclosure, specifically from December 29, 2025, to March 28, 2026. The shares involved originate from pre-IPO issuances, including those increased by capital reserve capitalization. The selling price will be determined by secondary market prices at the time of the transaction, but will not be below the company's audited net asset value per share from the previous year.

Shanghai Bingyuanxu has committed to adhering to all relevant laws, regulations, and promises made in the company's IPO prospectus and listing announcement regarding lock-up periods and share disposal conditions. The company stated that the implementation of this plan will not alter its control or negatively impact its governance and sustained operations.