Saiwei Times Technology Co., Ltd.
Announcement on Passive Dilution of Shareholding Ratio by Shareholder Holding Over 5% Touching a 1% Integer Multiple
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or significant omissions.
Special Reminder:
- Due to the completion of the registration of shares vested under the second phase of the 2024 Restricted Stock Incentive Plan of Saiwei Times Technology Co., Ltd. (hereinafter referred to as the "Company"), the total share capital of the Company has increased. As a result, the shareholding ratio of the shareholder holding over 5% of the shares, Gongqingcheng Zongteng Venture Capital Investment Partnership (Limited Partnership), has been passively diluted from 18.07% to 17.93% while the number of shares held remains unchanged, touching a 1% integer multiple.
- The nature of this equity change is a passive dilution of shareholding ratio, and it does not involve any increase or decrease in holdings by the shareholder holding over 5% of the shares.
I. Basic Situation of the Equity Change
Due to the completion of the registration of shares vested under the second phase of the 2024 Restricted Stock Incentive Plan of the Company, 3,026,738 shares were issued through directed issuance and listed on June 18, 2026. This increased the Company's total share capital from 403,458,200 shares to 406,484,938 shares. While the number of shares held by Gongqingcheng Zongteng Venture Capital Investment Partnership (Limited Partnership), the shareholder holding over 5% of the shares, remains unchanged, its shareholding ratio has been passively diluted from 18.07% to 17.93%, touching a 1% integer multiple. The relevant situation is hereby announced as follows:
- Basic Information