Wangbian Electric: Changes in the equity of the controlling shareholder and concerted parties reach the 1% threshold

Chongqing Wangbian Electric Co., Ltd. announced that the company's actual controller's concerted actor, Ms. Qin Yong, reduced her holdings by 250,000 shares through centralized bidding on August 11 and by 2,250,000 shares through block trading on August 19. The shareholding ratio of the controlling shareholder, actual controller, and their concerted actors decreased from 41.57% to 40.81%, with the equity change reaching the 1% threshold. This equity change is part of the shareholder's reduction plan and does not trigger a mandatory bid, consistent with previous disclosures, and the plan has not been fully implemented