Zhejiang Xinchai Co., Ltd. (hereinafter referred to as "the Company") announces the following regarding the share reduction plan by its directors and senior management:
1. Basic Information of Shareholders
- Shareholder Names: Bai Hongfa, Shi Rong, Zhang Chun
- As of the date of this announcement, the shareholding status of the above shareholders is as follows:
| Name | Position | Total Shares Held (shares) | Percentage of Total Shares (%) |
|---|---|---|---|
| Bai Hongfa | Director | 4,072,500 | 1.6889 |
| Shi Rong | Director, General Manager, Secretary of the Board | 4,000,000 | 1.6588 |
| Zhang Chun | General Manager | 3,000,000 | 1.2441 |
*Note: As of the date of this announcement, the total share capital of the Company is 241,133,400 shares.
2. Main Content of the Share Reduction Plan
- Reason for Reduction: Personal funding needs.
- Reduction Period: Within three months after the 15 trading days following this pre-disclosure announcement, specifically from March 18, 2026, to June 17, 2026 (excluding any periods during which reductions are prohibited by laws and regulations).
- Method of Reduction: Centralized bidding.
- Number and Proportion of Shares to be Reduced: