Feilong Co., Ltd. Controlling Shareholder Wanxi Holdings Reduces Holding by 6.5446 Million Shares, Cashing Out Approximately 167 Million Yuan

On March 13, 2026, Feilong Automotive Parts Co., Ltd. (hereinafter referred to as “Feilong Shares”) announced that the share reduction plan previously disclosed by its controlling shareholder, Henan Wanxi Holding Co., Ltd. (hereinafter referred to as “Wanxi Holding”), has expired. According to the announcement, Wanxi Holding has cumulatively reduced 6,544,607 shares through block trades during the reduction period, accounting for 1.14% of the company’s total share capital, with an average price of 25.54 yuan per share, realizing approximately 167 million yuan in cash.

Implementation of the Reduction Plan

The announcement shows that Feilong Shares disclosed the “Pre-Disclosure of Share Reduction by the Controlling Shareholder” on November 22, 2025. Wanxi Holding planned to reduce no more than 11,495,700 shares, or 2.00% of the total share capital, through block trades within three months after the disclosure, starting from fifteen trading days after the announcement.

As of March 13, 2026, the period for this reduction plan has expired. During this time, Wanxi Holding actually reduced 6,544,607 shares via block trades, with details as follows:

Changes in Shareholdings Before and After Reduction

After this reduction, Wanxi Holding’s shareholding quantity and proportion have changed accordingly. The specific details are as follows:

Impact on the Company

The announcement states that the implementation of this reduction plan complies with the “Securities Law of the People’s Republic of China,” the “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 18—Shareholders, Directors, and Senior Management Reduction of Shares,” and other relevant laws and regulations, and has been disclosed as required. The actual number of shares reduced did not exceed the planned amount, and there are no violations.

Additionally, Feilong Shares emphasizes that this reduction will not lead to a change in the company’s control or affect its corporate governance structure and ongoing operations. Wanxi Holding remains the controlling shareholder of the company, with its shareholding ratio decreasing from 32.70% to 31.56%, maintaining control over the company.

Reference Documents

The company has included the “Notice of the Expiry of the Share Reduction Plan” issued by the controlling shareholder as a reference document.

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