Nanjing Develop Advanced Manufacturing (688377.SH) shareholders plan to collectively reduce their holdings by no more than 0.82% of the shares.

Nanjing Develop Advanced Manufacturing (688377.SH) announced that on August 6, 2025, the company received a notification letter from Nandi Consulting regarding a share reduction plan. Based on the financial needs of employees and to enhance the incentive effect of holding shares for employees to create more value for the company, it is proposed to reduce the total number of company shares held by up to 600,000 shares through centralized bidding or block trading, not exceeding 0.31% of the total share capital of the company. The reduction plan will be implemented within 3 months after 15 trading days from the disclosure date (excluding the period prohibited by the China Securities Regulatory Commission and the Shanghai Stock Exchange). On August 6, 2025, the company received a notification letter from the company's director and senior management Mr. Zhang Hong regarding a share reduction plan. Due to his own financial needs, Mr. Zhang Hong intends to reduce his total holdings of company shares by up to 1 million shares, not exceeding 0.51% of the total share capital of the company, through centralized bidding or block trading. The reduction plan will be implemented within 3 months after 15 trading days from the disclosure date (excluding the period prohibited by the China Securities Regulatory Commission and the Shanghai Stock Exchange).