Wuxi Bank: Xingda Nylon and its concerted parties intend to reduce their holdings by no more than 1.96%.

Wuxi Bank announced that its shareholder Wuxi Xinda Nylon Co., Ltd., which holds more than 5% of the shares, along with its concerted parties Wuxi Shenwei Chemical Co., Ltd., plans to reduce their holdings through block trades between August 28, 2026, and November 27, 2026. Specifically, Xinda Nylon intends to reduce its holdings by no more than 3.52 million shares, while Shenwei Chemical plans to reduce its holdings by no more than 39.5812 million shares, resulting in a total reduction of no more than 43.1012 million shares, accounting for no more than 1.96% of the total share capital. The reason for the reduction is business development needs.