Longxing Chemical Stock Co Ltd

Longxing Technology released a pre-disclosure announcement on the evening of October 8 regarding a share reduction by a shareholder holding more than 5% of the company. Shareholder Bohai International Trust Co., Ltd., due to the entrusted disposal of trust property, plans to reduce its holdings by no more than 15.1012 million shares, representing no more than 3% of the company's total share capital. Bohai Trust currently holds 69.2934 million shares of Longxing Technology, accounting for 13.77% of the company's total share capital. If this reduction is implemented at the maximum level, its shareholding ratio will fall to approximately 10.77%. In this reduction, no more than 5.0337 million shares will be sold through centralized competitive bidding, representing no more than 1% of the company's total share capital; no more than 10.0675 million shares will be sold through block trading, representing no more than 2% of the company's total share capital. The reduction period is from November 2, 2026 to January 30, 2027. This is not the first time Bohai Trust has reduced its stake this year. Previously, from March 25 to June 22, 2026, it reduced its holdings by 3.219 million shares through centralized competitive bidding, accounting for 0.64% of total share capital, with its shareholding ratio falling from 14.41% to 13.77%. In terms of performance, Longxing Technology achieved total operating revenue of 2.402 billion yuan in the first half of 2026, up 13.21% year-on-year, while net profit attributable to the parent company was 35.5232 million yuan, down 26.52% year-on-year.