Fangzheng Electric: Shareholder Zhang Min reduced his holdings of 1.6324 million shares of the company.

Fangzheng Electric announced that on November 12, 2025, the company received a "Simplified Equity Change Report" issued by shareholder Zhang Min, and learned that on November 10, 2025, and November 12, 2025, Zhang Min reduced a total of 1.6324 million shares of the company through centralized bidding trading, accounting for 0.33% of the total share capital of the company. After this equity change, Zhang Min holds 24.7936 million shares of the company, accounting for 5% of the total share capital of the company, no longer being a shareholder holding more than 5% of the company.