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Jiangyan Group: Ningbo Longji plans to reduce its stake in the company by no more than 1%

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Jiangyan Group announcement: The shareholder holding more than 5% of the shares, Ningbo Xinda Hanshilonji Equity Investment Partnership (Limited Partnership) (abbreviated as “Ningbo Longji”), holds 77.9617 million shares of the Company’s unrestricted circulating shares, accounting for 12.13% of the Company’s total share capital. The shares were obtained prior to the Company’s initial public offering. Due to the need for business development, Ningbo Longji plans to reduce its holdings by no more than 6.4278 million shares, representing 1% of the Company’s total share capital, from August 4, 2026 to November 4, 2026, through centralized bidding. If, during the reduction period, the Company experiences changes in shares such as bonus share issuance or rights issue, the number of shares subject to reduction may be adjusted accordingly. Stock changes caused by the conversion of convertible corporate bonds, the issuance of new shares through equity incentive share placements, or shares arising from private placements will not adjust the number of shares to be reduced.
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