Securities Code: 301032 Securities Abbreviation: Xinchai Shares Announcement No.: 2026-23
Zhejiang Xinchai Co., Ltd. Announcement on the Expiration of the Director's Share Reduction Plan
The information provided by Director Bai Hongfa to this company is true, accurate, and complete, and does not contain any false records, misleading statements, or major omissions. This company and all members of the Board of Directors guarantee that the content of this announcement is consistent with the information provided by the information disclosure obligor.
Zhejiang Xinchai Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Announcement on the Pre-disclosure of the Share Reduction Plan for Directors and Senior Management" (Announcement No.: 2026-02) on February 24, 2026. Due to personal capital needs, Director Bai Hongfa planned to reduce a portion of his holdings in the Company through centralized bidding within three months after the fifteenth trading day from the disclosure of this announcement (no reduction during the window period), with a total reduction not exceeding 1,018,125 shares (representing 0.4222% of the Company's total share capital).