US New Technology Shareholders Jingquan Daya Reduction Plan Expires Without Implementation, Still Holds 14.3453 Million Shares

On March 17, Meixin Technology Co., Ltd. (hereinafter referred to as “Meixin Technology”) announced that the reduction plan previously disclosed by its shareholder, Daya Industrial Fund Management Co., Ltd. – Jiangsu Jiequan Daya Forest Industry Fund (Limited Partnership) (hereinafter referred to as “Jiequan Daya”), has expired, and no reduction actions have been taken during this period. Its shareholding quantity and percentage remain unchanged.

Review of the Reduction Plan

The announcement shows that on November 26, 2025, Meixin Technology disclosed the “Pre-Disclosure Announcement of Shareholder’s Reduction Plan.” Jiequan Daya planned to reduce its holdings of the company’s shares by no more than 3.565 million shares (accounting for 2.9991% of the total share capital) through centralized bidding and block trades between December 18, 2025, and March 17, 2026 (within three months after the announcement date, starting 15 trading days after the disclosure). Of these, no more than 2.377 million shares (1.9997% of total share capital) were to be reduced via block trades, and no more than 1.188 million shares (0.9994%) via centralized bidding.

Actual Reduction Results: No Actions Taken

As of March 17, 2026, when the reduction plan expired, Jiequan Daya did not reduce any shares of the company through any means. The announcement data shows that the shareholding status of Jiequan Daya remained unchanged before and after the reduction plan.

Impact on the Company: No Significant Effect on Governance or Operations

Meixin Technology stated in the announcement that Jiequan Daya is not a controlling shareholder or actual controller of the company. Its failure to reduce holdings will not have a significant impact on the company’s governance structure or ongoing operations. Additionally, Jiequan Daya strictly adhered to relevant laws, regulations, and regulatory requirements during the reduction period.

The completion status of this reduction plan reflects the shareholder’s attitude toward the company’s current operating condition and future development. Market analysts believe that the shareholder’s decision not to reduce holdings may be based on recognition of the company’s value or cautious judgment of the market environment.

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Editor: Xiao Lang Kuai Bao