Securities Code: 301322 Securities Abbreviation: LvTong Technology Announcement No.: 2026-019 Guangdong LvTong New Energy Electric Vehicle Technology Co., Ltd. Announcement on Threshold Crossing of 5% Integer Multiple and Disclosure of Simplified Equity Change Report by Shareholder Holding Over 5% and Its Concerted Parties
The shareholder holding over 5% of the Company's shares, Mr. Kuang Xiaoye, and his concerted parties guarantee that the information provided to the Company is true, accurate, and complete, without any false records, misleading statements, or material omissions.
The 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 obligors.
Special Notice:
- This equity change is due to Guangdong LvTong New Energy Electric Vehicle Technology Co., Ltd. (hereinafter referred to as the "Company") implementing a capital reserve to share capital increase plan, where shares in the repurchase account do not participate in profit distribution, internal share transfer agreements among concerted parties, cancellation of repurchased shares, and active share reductions by shareholders. This has resulted in the total shareholding of the Company's shareholder holding over 5%, Mr. Kuang Xiaoye, and his concerted parties, namely Guangzhou Chuangyi Mingchen Equity Investment Fund Partnership (Limited Partnership), Guangzhou Chuangyi Mingheng Equity Investment Fund Partnership (Limited Partnership), Zhuhai Chuangyi Minghui Equity Investment Fund Partnership (Limited Partnership), Guangzhou Chuangyi Kaiyue Venture Capital Partnership (Limited Partnership), Zhuhai Chuangyi Mingsheng Equity Investment Fund Partnership (Limited Partnership), and Tuo Hong (Zhuhai) Venture Capital Investment Partnership (Limited Partnership) (hereinafter collectively referred to as "Chuangyi Mingchen", "Chuangyi Mingheng", "Chuangyi Minghui", "Chuangyi Kaiyue", "Chuangyi Mingsheng", "Tuo Hong Investment"), and Tao (spouse of Kuang Xiaoye) (hereinafter collectively referred to as the "Information Disclosure Obligors"), changing from 12,473,731 shares to 21,193,223 shares. The shareholding proportion has changed from 17.84% to 15.00%. This equity change crosses a 5% integer multiple (hereinafter referred to as "this equity change").
- This equity change does not trigger a mandatory tender offer, will not result in a change of the Company's controlling shareholder or actual controller, and will not have a significant impact on the Company's corporate governance structure or sustainable operations.
Recently, the Company received a "Letter of Notification on Threshold Crossing of 5% Integer Multiple by Shareholder Holding Over 5% and Its Concerted Parties" and a "Simplified Equity Change Report" jointly issued by Mr. Kuang Xiaoye, a shareholder holding over 5% of the Company's shares, and his concerted parties. From the Company's listing on the Growth Enterprise Market of the Shenzhen Stock Exchange on March 6, 2023, to March 11, 2026, due to the Company's implementation of a capital reserve to share capital increase plan, where shares in the repurchase account do not participate in profit distribution, internal share transfer agreements among concerted parties, cancellation of repurchased shares, and active share reductions by shareholders, the total shareholding of Mr. Kuang Xiaoye, a shareholder holding over 5% of the Company's shares, and his concerted parties has changed from 12,473,731 shares to 21,193,223 shares, with the shareholding proportion changing from 17.84% to 15.00%. The equity change crosses a 5% integer multiple. The specific details are as follows:
I. Process of This Equity Change
(I) Shareholding Situation of Information Disclosure Obligors Before and After This Equity Change
Before and after this equity change, the total shareholding of the Information Disclosure Obligors has changed from 12,473,731 shares to 21,193,223 shares, and the shareholding proportion has changed from 17.84% to 15.00%. The equity change crosses a 5% integer multiple. The details are as follows: