1. Definitions
In this report, unless otherwise specified, the following terms have the meanings ascribed to them:
- Weiteou, Company, Listed Company refers to Shenzhen Weiteou New Materials Co., Ltd.
- Equity Change Report, this report refers to the Simplified Report on Equity Changes of Shenzhen Weiteou New Materials Co., Ltd.
- Information Discloser refers to Du Xuan.
- This Equity Change refers to the change in shareholding ratio due to the reduction of company shares and passive dilution.
- Company Law refers to the Company Law of the People's Republic of China.
- Securities Law refers to the Securities Law of the People's Republic of China.
- CSRC refers to the China Securities Regulatory Commission.
- Stock Exchange refers to the Shenzhen Stock Exchange.
- Yuan, Ten Thousand refers to Renminbi Yuan, Ten Thousand.
2. Introduction of Information Discloser
-
Basic Information of the Information Discloser
- Name: Du Xuan
- Gender: Male
- Nationality: China
- ID Number: 5101021963********
- Residence: Guangdong Province, Shenzhen City ******
- Contact Address: Guangdong Province, Shenzhen City ******
- Has obtained residence rights in other countries or regions: No
-
Explanation of Consistent Action Relationship
The Information Discloser does not constitute a consistent action relationship with other shareholders of the Company. -
Shareholding in Other Listed Companies
As of the signing date of this report, the Information Discloser does not hold shares in any other listed companies, either domestically or internationally, that reach or exceed 5% of the total issued shares of those companies.
3. Purpose of Equity Change
-
The purpose of this equity change is due to personal funding needs. The Information Discloser, Mr. Du Xuan, reduced his holdings of the Company's unrestricted circulating shares by 2,064,050 shares through centralized bidding and block trading, accounting for 1.14% of the total share capital. At the same time, the implementation of the 2024 stock option incentive plan led to a passive dilution of the Information Discloser's shareholding ratio.
-
Future Plans for Increasing or Decreasing Holdings
On April 27, 2026, the Company disclosed a pre-announcement regarding the reduction of shares by major shareholders, directors, and senior management (Announcement No.: 2026-024). Mr. Du Xuan plans to reduce his holdings of Weiteou shares by no more than 3,735,628 shares, accounting for 3.00% of the total share capital, within three months after the fifteenth trading day from the announcement date. If there are any changes in share capital during the planned reduction period, the number of shares to be reduced will be adjusted accordingly. As of the signing date of this report, apart from the aforementioned reduction plan disclosed on April 27, 2026, the Information Discloser has no plans to increase or decrease shares in the listed company in the next 12 months. The Information Discloser does not rule out the possibility of increasing or decreasing shares in the listed company depending on market conditions in the next 12 months. If any related equity changes occur, the Information Discloser will fulfill the disclosure obligations in accordance with relevant laws in a timely manner.
4. Method of Equity Change
- Shareholding Situation of the Information Discloser
Before this equity change (at the time of the initial public offering), Mr. Du Xuan held 6,600,000 shares of the Company, accounting for 11.26% of the total share capital (calculated based on the total share capital of 58,640,000 as of September 29, 2022). After this equity change, the Information Discloser holds 18,055,579 shares, accounting for 10.00% of the total share capital (calculated based on the total share capital of 180,555,378 as of May 29, 2026), resulting in a cumulative decrease of 1.26 percentage points in his shareholding ratio. The shareholding situation of the Information Discloser before and after this equity change is as follows: