Zhengtai Power announced that the information disclosure obligors Zhuhai Yuening and Zhuhai Kangdong were acting in concert. Before this change in equity, the two held a total of 35,996,027 shares, accounting for 9.90522% of the total share capital; after the change, they held a total of 18,043,381 shares, accounting for 4.99998%. The first reason for the change was that the company cancelled the repurchased shares, which led to a passive increase in its shareholding ratio, and the other was that both reduced their holdings. The company has disclosed that the two plans to reduce their holdings by no more than 10,826,064 shares from May 15 to August 14, 2026. As of July 31, the holdings reduction plan has not been completed. Furthermore, it is not ruled out that holdings will increase or decrease in the next 12 months depending on the situation.

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