Special Reminder
- The change in equity is due to passive dilution, centralized bidding, and block trading by Mr. Du Xuan, a shareholder holding over 5% of Shenzhen Weiteou New Materials Co., Ltd. (hereinafter referred to as "the Company"), and does not trigger a tender offer.
- After this equity change, Mr. Du holds 18,055,579 shares, accounting for 10.00% of the total share capital.
- Mr. Du is not the controlling shareholder or actual controller of the Company, and this equity change will not lead to a change in control or significantly impact the Company's governance structure and ongoing operations.
- Mr. Du's reduction aligns with previously disclosed commitments and plans, and the reduction amount is within the disclosed plan. As of the date of this announcement, the reduction plan has not been fully implemented.
On April 27, 2025, the Company disclosed the "Pre-disclosure Announcement on Share Reduction by Major Shareholders, Directors, and Senior Management" (Announcement No. 2026-024), indicating that Mr. Du, who held 13,875,606 shares (11.14% of the total share capital), planned to reduce his holdings by no more than 3,735,628 shares (3.00% of the total share capital) through centralized bidding and block trading within three months starting from fifteen trading days after the announcement (from May 22, 2026, to August 21, 2026).
Mr. Du guarantees that the information provided to the Company is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The Company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
On May 22, 2026, the Company received a notice from Mr. Du regarding the progress of the share reduction plan. On May 22, 2026, Mr. Du reduced his holdings by 423,095 shares through centralized bidding, accounting for 0.23% of the total share capital. After this equity change, Mr. Du's holding percentage decreased from 11.26% to 10.91%, reaching the 1% threshold.
Recently, the Company received a "Simplified Equity Change Report" from Mr. Du, indicating that from the listing date to May 29, 2026, due to the implementation of the 2024 incentive plan, the total share capital increased, leading to passive dilution of Mr. Du's shareholding. Additionally, Mr. Du recently reduced his holdings by 1,376,555 shares through centralized bidding and 264,400 shares through block trading, resulting in a decrease in his holding percentage from 11.26% to 10.00%, reaching both the 1% and 5% thresholds.