Zhishang Technology shareholders Liu Dongsheng and Liu Dongli completed their share reduction plans, collectively reducing 2,963,500 shares for approximately 477 million yuan in cash.

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On March 26, 2026, Shenzhen Zhishang Technology Co., Ltd. (hereinafter referred to as “Zhishang Technology”) announced that the share reduction plan disclosed earlier by shareholders Liu Dongsheng and Liu Dongli, who hold less than 5% of the shares, has been completed. This reduction involves a total of 2,963,500 shares, accounting for 2.3029% of the company’s total share capital, with a cash amount of approximately 478 million yuan.

Details of the Share Reduction Implementation

The announcement shows that Liu Dongsheng and Liu Dongli disclosed the reduction plan on January 27, 2026, due to personal funding needs, intending to reduce no more than 1,286,800 shares (accounting for 1% of the total share capital) through centralized bidding within three months after three trading days and to reduce no more than 2,573,600 shares (accounting for 2% of the total share capital) through block trading.

In terms of specific reduction details, Liu Dongsheng reduced 2,572,850 shares through block trading, with an average reduction price of 152.19 yuan/share, accounting for 1.9994% of the total share capital, nearing the planned upper limit; Liu Dongli reduced 390,600 shares through centralized bidding, with an average reduction price of 221.35 yuan/share, accounting for 0.3035% of the total share capital, matching his planned reduction quantity. This total reduction of 2,963,450 shares accounts for 2.3029% of the company’s total share capital, not exceeding the original planned reduction upper limit.

Changes in Shareholding Before and After the Reduction

After this reduction, the shareholding ratios of Liu Dongsheng and Liu Dongli have significantly decreased, with Liu Dongli no longer holding shares in the company.

Data shows that Liu Dongsheng held 3,707,720 shares before the reduction, accounting for 2.8813% of the total share capital. After the reduction, he has 245,770 shares remaining, with the proportion dropping to 0.1910%; Liu Dongli held 390,600 shares before the reduction (accounting for 0.3035%), and his shareholding quantity is now zero.

Compliance Statement

Zhishang Technology stated in the announcement that this share reduction plan complies with the “Securities Law of the People’s Republic of China,” “Interim Measures for the Administration of Share Reduction by Shareholders of Listed Companies,” “Shenzhen Stock Exchange GEM Stock Listing Rules,” and other laws, regulations, and related requirements. The reduction plan has been disclosed in advance as required, and the actual reduction quantity did not exceed the planned upper limit, with no violations of prior disclosure commitments.

As of the announcement date, Zhishang Technology’s total share capital is 128,680,995 shares. The company’s board of directors and all members guarantee that the contents of the announcement are consistent with the information provided by the information disclosure obligor.

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Editor: Xiaolang Quick Report