Shengmei Shanghai announced that the current holdings reduction plan for 7 directors and supervisors, including HUI Wang, the company's actual controller and chairman, and Wang Jian, and his co-operator, has expired, and the current holdings reduction has already been implemented. As of September 24, 2026, HUI WANG reduced its holdings by 240,000 shares, accounting for 0.0495% of the total share capital; Wang Jian reduced her holdings by 1691,000 shares, accounting for 0.0348% of the total share capital; Chen Fuping reduced her holdings by 135,400 shares, accounting for 0.0279% of the total share capital; LISA YI LU FENG reduced her holdings by 76,600 shares, accounting for 0.0164% of the total share capital; Wang Jun reduced her holdings by 353,000 shares, accounting for 0.0073% of the total share capital; Yang Xia reduced her holdings by 20,000 shares, accounting for 0.0073% of the total share capital Total Equity 0.0041%. The current holdings reduction was carried out through centralized bidding. The actual holdings reduction situation is consistent with the previously disclosed holdings reduction plan.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.