Fangzheng Electric announced that as of January 5, 2026, Zhang Min, the original shareholder holding 5% or more, had reduced his holdings by a total of 14.8039 million shares through centralized bidding and bulk transactions, accounting for 2.9854% of the total share capital; Chairman Weng Weiwen reduced her holdings by 1.8 million shares, accounting for 0.3630% through centralized bidding; and senior manager Lu Meiling reduced her holdings of 46,250 shares through centralized bidding, accounting for 0.0093%. After the holdings were reduced, Zhang Min held 11.6.221 million shares, accounting for 2.3438%, and is no longer a shareholder holding 5% or more; Weng Weiwen held 5.402 million shares, accounting for 1.0894%; and Lu Meiling held 138,800 shares, accounting for 0.0280%.

Fangzheng Electric announced that as of January 5, 2026, Zhang Min, the original shareholder holding 5% or more, had reduced his holdings by a total of 14.8039 million shares through centralized bidding and bulk transactions, accounting for 2.9854% of the total share capital; Chairman Weng Weiwen reduced her holdings by 1.8 million shares, accounting for 0.3630% through centralized bidding; and senior manager Lu Meiling reduced her holdings of 46,250 shares through centralized bidding, accounting for 0.0093%. After the holdings were reduced, Zhang Min held 11.6.221 million shares, accounting for 2.3438%, and is no longer a shareholder holding 5% or more; Weng Weiwen held 5.402 million shares, accounting for 1.0894%; and Lu Meiling held 138,800 shares, accounting for 0.0280%.