Major shareholder reduces stake in Jiangsu Huasheng Tianlong

Guangzhou Longshuo Enterprise Management Partnership, a shareholder holding over 5% of Jiangsu Huasheng Tianlong Photoelectric Co., Ltd., has completed its share reduction plan. The plan, initially announced on September 19, 2025, involved the sale of up to 2,005,065 shares, representing no more than 1.00% of the company's total share capital.

The shares were sold via centralized bidding between October 21, 2025, and December 22, 2025, at an average price of CNY 6.11 per share. Guangzhou Longshuo ultimately sold 2,005,000 shares, which equates to 1.00% of the total share capital. Following this transaction, Guangzhou Longshuo’s stake in the company has been reduced from 5.78% (11,580,000 shares) to 4.78% (9,575,000 shares).

The company confirmed that the share reduction was conducted in compliance with relevant regulations and did not result in a change of control or negatively impact the company's ongoing operations. The shares sold by Guangzhou Longshuo were originally acquired through a judicial auction.