Guangzhou Disen Thermal Technology Co., Ltd. (hereinafter referred to as "the Company") disclosed the pre-announcement of the share reduction plan by certain controlling shareholders and actual controllers on March 23, 2026 (Announcement No. 2026-005). Mr. Ma Ge, one of the controlling shareholders and actual controllers, who holds 28,040,059 shares (5.88% of the total share capital), planned to reduce his holdings by no more than 4,770,123 shares (1% of the total share capital) through centralized bidding within three months after the announcement date.
On May 12, 2026, the Company disclosed the announcement regarding the reduction of shares by certain controlling shareholders and actual controllers reaching an integer multiple of 1% (Announcement No. 2026-023). From April 24, 2026, to May 11, 2026, Mr. Ma Ge cumulatively reduced his holdings by 3,602,800 shares, accounting for 0.76% of the total share capital. After this change, Mr. Ma Ge and his concerted actors held a total of 123,629,775 shares, decreasing from 127,232,575 shares, with the shareholding ratio dropping from 26.67% to 25.91%.
On June 1, 2026, the Company received a notification letter from Mr. Ma Ge regarding the completion of the share reduction plan. From May 12, 2026, to June 1, 2026, Mr. Ma Ge further reduced his holdings by 1,167,300 shares, accounting for 0.24% of the total share capital. After this change, Mr. Ma Ge and his concerted actors held a total of 122,462,475 shares, decreasing from 123,629,775 shares, with the shareholding ratio dropping from 25.91% to 25.67%. The share reduction plan has been completed, and the relevant details are announced as follows: