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Shenzhen Feiling Kesi Communication Technology Co., Ltd. Announcement on the Completion of the Share Reduction Plan by Shareholders Holding More Than 5%
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Security Code: 301191 Security Abbreviation: Feiling Kesi Announcement No.: 2026-009
Shenzhen Feiling Kesi Communication Technology Co., Ltd.
Announcement on the Completion of the Share Reduction Plan by a Shareholder Holding More Than 5% of the Shares
The shareholder holding more than 5% of the company’s shares, Ms. Chen Xi, guarantees that the information provided to the Company is true, accurate, and complete, and there are no false records, misleading statements, or major 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 obligor.
Shenzhen Feiling Kesi Communication Technology Co., Ltd. (hereinafter referred to as “the Company”) disclosed on March 2, 2026 on the cninfo.com.cn () the “Pre-disclosure Announcement of Share Reduction by Shareholders Holding More Than 5% of the Shares” (Announcement No.: 2026-006). Ms. Chen Xi, the shareholder holding more than 5% of the company’s shares, plans to reduce her holdings by not more than 260,000 shares of the Company’s shares within three months following the fifteenth trading day after the disclosure date of the pre-disclosure announcement, by way of centralized bidding / block trading (from March 24, 2026 to June 23, 2026). This is approximately 0.3750% of the Company’s total share capital, and approximately 0.3774% of the total share capital after excluding the shares held in the Company’s repurchase-dedicated securities account. If, during the planned share reduction period, there are ex-rights and ex-dividend matters such as the Company’s distribution of bonus shares, rights issue, or transfer of capital reserve into share capital, then the number of shares proposed to be reduced by this shareholder will be adjusted accordingly. For details, please refer to the related announcements disclosed by the Company on cninfo.com.cn.
Recently, the Company received the “Notice on the Completion of the Share Reduction Plan” issued by Ms. Chen Xi, the shareholder holding more than 5% of the company’s shares. As of the date of disclosure of this announcement, Ms. Chen Xi’s share reduction plan has been completed. Relevant matters are hereby announced as follows:
I. Shareholding reduction by shareholders
(I) Details of shares reduced by the shareholders
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Explanation 1: The source of shares reduced by the above shareholder is the shares already issued before the Company’s initial public offering and the shares proportionally increased by transferring capital reserve into share capital through the Company’s equity distribution;
Explanation 2: As of the date of disclosure of this announcement, the Company’s total share capital is 69,342,000 shares; after excluding 454,300 shares held in the Company’s repurchase-dedicated securities account, the Company’s total share capital is 68,887,700 shares.
(II) Shareholding status before and after this reduction
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II. Other related explanations
(I) The implementation of this share reduction complies with the relevant provisions of laws, regulations, normative documents and rules, including but not limited to the Company Law of the People’s Republic of China, the Securities Law of the People’s Republic of China, the Shenzhen Stock Exchange GEM Stock Listing Rules, the Self-Regulatory Guidelines of the Shenzhen Stock Exchange for Listed Companies No. 2 — Standard Operation of GEM Listed Companies, the Self-Regulatory Guidelines of the Shenzhen Stock Exchange for Listed Companies No. 18 — Share Reduction by Shareholders, Directors and Senior Management, and the China Securities Regulatory Commission’s Provisional Measures for the Administration of Share Reductions by Shareholders of Listed Companies.
(II) The share reduction matter has been pre-disclosed in accordance with relevant regulations. As of the date of disclosure of this announcement, the implementation of this share reduction is consistent with the intentions, undertakings and reduction plan previously disclosed. Ms. Chen Xi’s share reduction action this time does not violate the undertakings regarding the reduction price, reduction quantity, etc. made by her in the Company’s “Prospectus for Initial Public Offering of Shares and Listing on the Growth Enterprise Market” and the “Announcement for Initial Public Offering of Shares and Listing on the Growth Enterprise Market”.
(III) Ms. Chen Xi is not the controlling shareholder nor the actual controller of the Company. This share reduction will not lead to any change in the Company’s control and will not have a significant impact on the Company’s corporate governance structure or its future sustained operations.
(IV) As of the date of disclosure of this announcement, Ms. Chen Xi’s share reduction plan has been completed. Going forward, the Company will continue to monitor changes in this shareholder’s shareholding and urge her to strictly comply with relevant laws and regulations, departmental rules, and normative documents, as well as the undertakings made, and to promptly fulfill information disclosure obligations. Investors are kindly requested to pay attention to investment risks.
III. Documents for reference
Notice on the Completion of the Share Reduction Plan
This announcement is hereby made.
Shenzhen Feiling Kesi Communication Technology Co., Ltd.
Board of Directors
March 25, 2026
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