Jinming Precision Machinery: Multiple Shareholders Plan to Reduce Holdings

Jinming Precision Machinery announces that shareholders Ma Zhenxin, Ma Jiazhen, and Yu Suqin are acting in concert, holding 70,576,200 shares (16.85%), 18,446,100 shares (4.40%), and 10,170,800 shares (2.43%) respectively. Due to personal funding needs, the three plan to reduce their holdings within three months after the disclosure of this plan, starting 15 trading days after the announcement: up to 4,189,200 shares through centralized bidding, accounting for 1% of the company’s total share capital; and up to 8,378,400 shares through block trades, accounting for 2% of the company’s total share capital. The total reduction will not exceed 12,567,600 shares, representing 3% of the company’s total share capital. The shares are sourced from holdings before the initial public offering and shares obtained from capital reserve capitalized into share capital.