Guangdong Shaoneng Group Co., Ltd. (hereinafter referred to as "the Company") disclosed on March 4, 2026, the "Pre-disclosure Announcement of Share Reduction Plan by Shareholders Holding More than 5% of Shares" (Announcement No.: 2026-007). The shareholder holding more than 5% of the shares, Shenzhen Zhaowei Hengfa Energy Co., Ltd. (hereinafter referred to as "Shenzhen Zhaowei"), plans to reduce its holdings of the Company's stock by 31,885,794 shares within three months after the disclosure date of the reduction plan (from March 26, 2026, to June 25, 2026), accounting for 3.00% of the total share capital after excluding shares in the Company's repurchase special account as of the completion date of the repurchase. The total number of shares to be reduced through block trading and centralized bidding will not exceed 2% and 1%, respectively (if there are changes in share capital such as stock dividends or capital reserves during this period, the number of shares to be reduced will be adjusted accordingly).
On June 3, the Company received the "Share Reduction Information Form" from Shenzhen Zhaowei, which indicated that on March 30 and June 3, Shenzhen Zhaowei reduced its shares by 6.3 million shares and 4.3259 million shares, respectively, totaling 1% of the Company's total share capital, and 1% after excluding shares in the Company's repurchase special account as of the completion date of the repurchase. After this equity change, Shenzhen Zhaowei's shareholding ratio decreased from 7.00% to 6.00%, reaching an integer multiple of 1% of the Company's total share capital. The specific situation is as follows: