Tianzheng Electric: Changes in the equity interests of the controlling shareholder and its parties acting in concert, reducing the shareholding ratio to 40.55%.

Tianzheng Electric announced that on November 5, 2025, the company's controlling shareholder Gao Tianle and its concerted action person Gao Xiao jointly reduced their holdings of the company's shares by a total of 6.524 million shares, a reduction ratio of 1.29%. Among them, Gao Tianle reduced holdings by 1.194 million shares through centralized bidding and 3.43 million shares through block trading, while Gao Xiao reduced holdings by 1.9 million shares through centralized bidding. The total shareholding ratio of the controlling shareholder and its concerted action person decreased from 41.84% to 40.55%, triggering a change in equity exceeding the 1% threshold. This reduction does not trigger a tender offer, does not affect the company's controlling stake, and is in compliance with relevant regulations.