Shenma Electric Power announced that from September 5 to September 9, 2026, Chen Xiaoqin, the controlling shareholder and actual controller of the company, reduced his holdings of the company's shares by a total of 2,4929.67 million shares through centralized bidding and bulk transactions, accounting for 0.5779% of the company's latest total share capital. After this change in equity, the total shareholding ratio of Chen Xiaoqin and his co-actor Shanghai Shenma Electric Power Holdings Co., Ltd. was reduced from 76.39% to 75.82%, hitting the 1% integer scale. The current holdings reduction is to fulfill the previously disclosed holdings reduction plan. It does not touch on the proposed acquisition, and will not cause changes in the company's controlling shareholders and actual controllers.

Shenma Electric Power announced that from September 5 to September 9, 2026, Chen Xiaoqin, the controlling shareholder and actual controller of the company, reduced his holdings of the company's shares by a total of 2,4929.67 million shares through centralized bidding and bulk transactions, accounting for 0.5779% of the company's latest total share capital. After this change in equity, the total shareholding ratio of Chen Xiaoqin and his co-actor Shanghai Shenma Electric Power Holdings Co., Ltd. was reduced from 76.39% to 75.82%, hitting the 1% integer scale. The current holdings reduction is to fulfill the previously disclosed holdings reduction plan. It does not touch on the proposed acquisition, and will not cause changes in the company's controlling shareholders and actual controllers.