Changzhou Xiangming Intelligent Power Co., Ltd. (hereinafter referred to as "Xiangming Intelligent" or "the Company") disclosed the "Announcement on the Pre-disclosure of Shareholder Reduction Plan" (Announcement No.: 2025-043) on December 26, 2025. The Company's controlling shareholder, Changzhou Xiangxing Information Technology Co., Ltd. (hereinafter referred to as "Xiangxing Information"), through its concerted actor Changzhou Xianghua Management Consulting Co., Ltd. (hereinafter referred to as "Xianghua Consulting"), planned to reduce its shareholding by no more than 1,088,000 shares (i.e., no more than 1% of the total shares) within three months after 15 trading days from the date of this announcement. The reduction period was from January 21, 2026, to April 20, 2026. The Company recently received a letter from Xianghua Consulting titled "Notice on the Progress of Share Reduction Plan," stating that the reduction plan has been completed.
According to the "Interim Measures for the Administration of Share Reduction by Shareholders of Listed Companies" and the "Self-Regulatory Guidelines No. 18 for Listed Companies on the Shenzhen Stock Exchange - Share Reduction by Shareholders, Directors, and Senior Management," the implementation of the reduction plan is announced as follows: