SMOORE INTL(06969): Eve Energy Co., Ltd. (300014.SZ) plans to further reduce its stake by 3.5%

SMOORE INTL(06969) announced that on July 3, 2026, Eve Energy Co., Ltd.(300014.SZ) has obtained approval from the board of directors for its wholly-owned subsidiary, EVE Battery Investment Ltd.(EVE Battery), to reduce its equity in the company by up to 3.5% of the total issued shares (approximately 217 million shares) within one year from the date of approval through block trades, centralized bidding, and other means (referred to as the "New 3.5% Sale"). The implementation of the reduction is subject to uncertainties related to the timing and price of the reduction, so investors are advised to pay attention to investment risks. As of July 3, 2026, EVE Battery holds approximately 1.874 billion shares of the company, accounting for about 30.25% of the total issued shares. EVE Battery is directly owned by Eve Energy Co., Ltd. which is fully owned by YIWEI Asia Limited. Ms. Jiang Min, a non-executive director, company secretary, vice president, and chief financial officer of Eve Energy Co., Ltd. If Eve Energy Co., Ltd. completes the aforementioned New 3.5% Sale, it will no longer be the controlling shareholder of the company thereafter.