WanTong Technology: Huang Tao's voting rights exceed 30% and will not reduce holdings in the next three years.

date
18/11/2025
WanTong Technology Announcement: The 40th meeting of the sixth board of directors of the company on November 18, 2025 reviewed and approved the proposal to issue shares to specific objects in 2025. The subscribing objects, Tibet Tengyun, Jingyuan Hui Zhi, and Huang Tao, promised that if Huang Tao's voting rights shares exceed 30% of the issued shares after this issuance, he will not reduce the subscribed shares within thirty-six months. The derived shares obtained through the distribution of bonus shares and the conversion of capital reserve funds into share capital are also subject to restrictions. After the end of the lock-up period, any reduction of shares will comply with the provisions of the Company Law and the Securities Law. If any unauthorized reduction of shares occurs, all profits will belong to the company and they will bear legal responsibility.