Suntak Technology deputy general manager plans significant share sale

Suntak Technology announced that its deputy general manager, Jiang Shuguang, plans to reduce his holdings in the company. The proposed share reduction will take place between January 16, 2026, and April 15, 2026, through centralized bidding or block trading. Mr. Jiang intends to sell up to 2,000,000 shares, representing approximately 0.1642% of the company's current total share capital. The reason for the divestment is personal financial needs.

As of the announcement date, Jiang Shuguang holds 21,646,360 shares, or 1.7776% of Suntak Technology's total share capital. The shares to be sold originated from the company's initial public offering. The sale price will be determined by market prices at the time of the transaction.

The company stated that the implementation of this share reduction plan involves uncertainties and will not impact the company's governance structure, ongoing operations, or lead to a change in control. Suntak Technology will ensure Mr. Jiang adheres to relevant legal and regulatory requirements.