ZHEJIANG XINCHAI: Supervisor Wang Guogang and executive Zhou Gaofeng plan to collectively reduce their holdings by no more than 0.05% of the company's shares

On May 25th, ZHEJIANG XINCHAI announced that the company's supervisor Wang Guogang and senior management personnel Zhou Gaofeng plan to reduce their holdings of the company's shares based on personal funding needs. They intend to sell no more than 93,800 shares and 28,100 shares, respectively, through centralized bidding within three months after the announcement of this reduction plan, which is no more than 0.04% and 0.01% of the company's total share capital, respectively. The selling price will be determined based on the secondary market price at the time of the sale. The implementation of this reduction plan is subject to uncertainty