Longcheer: The equity change of shareholders holding more than 5% in total has decreased to 6.91%

Longcheer Technology announced that from October 13 to 23, 2025, shareholder Suzhou Industrial Park Shunwei Technology Venture Capital Partnership will sell 5.1 million unrestricted circulating shares of the company through centralized bidding and block trading, reducing its shareholding ratio from 3.04% to 1.96%. Its total shareholding ratio with the concerted actor Tianjin Jinmi Investment Partnership will decrease from 7.99% to 6.91%, reaching the 1% threshold. This change does not trigger a tender offer and does not alter the controlling shareholder and actual controller, and the plan has not yet been fully executed