The actual controller of Xilong Science Department intends to reduce its shareholding in the company by no more than 3%.
West Long Science Announcement: Some actual controllers Huang Weibo, Huang Weipeng, Huang Zhenkai, and Huang Zhenjie collectively hold 93,344,722 shares, accounting for 15.95% of the total share capital. They plan to reduce their holdings by a total of no more than 17,556,400 shares, which is not more than 3% of the total share capital, through centralized bidding and block trading. The reason for the reduction is personal fund requirements and repayment of pledged financing. The reduction period is within three months after the announcement disclosure date plus 15 trading days. There is uncertainty in this reduction plan. If all reductions are completed, the company's controlling interest will not change, it will not affect ongoing operations, and it complies with relevant regulations.
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