Thinking Train Control (603508) Former Supervisor's Share Reduction Plan Expires: Wang Peizeng and Qin Wei Have Not Reduced Company Shares in Total

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On March 19, 2026, Henan Thinking Automation Equipment Co., Ltd. (Stock abbreviation: Thinking Rail Control, Stock code: 603508) announced that the share reduction plans previously disclosed by former Supervisory Board Chairman Wang Peizeng and former Supervisor Qin Wei have expired. During the period, neither of them implemented any share reductions, and their holdings remain unchanged.

Background of the reduction plan: the former supervisors planned to reduce no more than 90,310 shares in total

The announcement shows that on November 28, 2025, Thinking Rail Control disclosed the “Shareholder Reduction Plan Announcement” (Announcement No.: 2025-041). Wang Peizeng and Qin Wei planned to reduce their holdings through centralized bidding from December 19, 2025, to March 18, 2026, by a total of no more than 90,310 shares, representing no more than 0.0237% of the company’s total share capital. If the company distributes dividends, issues shares, or other rights adjustments during this period, the reduction amount will be adjusted accordingly.

It should be noted that on December 24, 2025, Thinking Rail Control held its third extraordinary general meeting of 2025, approving the cancellation of the relevant proposals regarding the Supervisory Board. From then on, Wang Peizeng and Qin Wei no longer served as supervisors of the company.

Reduction subjects and shareholding status: total holdings account for 0.0947% of the total share capital

Before implementing the reduction plan, the shareholding status of Wang Peizeng and Qin Wei was as follows:

Both are not controlling shareholders, actual controllers, or persons acting in concert of the company, nor do they directly hold more than 5% of the shares. Before the reduction, their roles were as directors, supervisors, and senior managers (later adjusted due to job changes, no longer supervisors).

Results of the reduction plan: both did not reduce shares, holdings unchanged

On March 18, 2026, Thinking Rail Control received the “Shareholder Reduction Period Expiry and Reduction Result Notification Letter” from Wang Peizeng and Qin Wei. As of the date of the announcement, neither of the reduction subjects had reduced their shares through centralized bidding during the planned reduction period. The details are as follows:

The announcement also states that the implementation of this reduction plan complies with relevant laws, regulations, and stock exchange rules. The actual reduction situation is consistent with the previously disclosed plan and commitments, with no violations of the reduction plan or other commitments.

Market impact: shareholders’ non-reduction signals confidence

The fact that Wang Peizeng and Qin Wei did not reduce their holdings during the reduction period indicates they still hold company shares. As former participants in corporate governance, their stable holdings may signal confidence in the company’s fundamentals to the market. Thinking Rail Control stated that it will continue to monitor shareholder changes and strictly fulfill information disclosure obligations in accordance with relevant regulations.

(Source: Company Announcement)

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s views. All information in this article is for reference only and does not constitute personal investment advice. For discrepancies, please refer to the actual announcement. If you have questions, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Kuai Bao