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Vandes: Two shareholders plan to jointly reduce their holdings by no more than 1%

K-LinePoet
Wandes Announcement: As of the date of this announcement, shareholder Nanjing Huicai holds 4.42 million shares, accounting for 5.20%; Nanjing Hecai holds 3.20 million shares, accounting for 3.76%. Due to funding needs, the two shareholders plan to reduce their holdings in a cumulative amount of no more than 850,000 shares through centralized bidding within a period of 3 months starting 15 trading days after the disclosure date of this announcement, which will not exceed 1.00% of the company’s total share capital. The reduction period is from June 22, 2026, to September 21, 2026. The shares to be reduced were all obtained prior to IPO. The reduction amount will be adjusted accordingly if matters such as cash dividends, bonus shares, or capitalization of reserves (capital increase through stock transfer) occur.
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