Tengyuan Cobalt announced that the actual controllers, Luo Shulan, and Chief Financial Officer Chen Wenwei, originally planned to reduce their holdings from June 23, 2026 to September 22, 2026. The proposed reduction amounts to no more than 114,400 shares, 456,300 shares, and 120,300 shares, respectively, due to equity distribution adjustments. As of September 22, 2026, none of the three had reduced their shares in the company.

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