Jiangsu Boyun Plastics Specific Shareholder Lansan Venture Capital Reduction Plan Expires: Cumulative Reduction of 971,000 Shares, Accounting for 0.9997% of Total Share Capital

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On March 18, 2026, Jiangsu Boyun Plastic Industry Co., Ltd. (hereinafter referred to as “Jiangsu Boyun”) issued an announcement titled “Announcement on the Completion of the Specific Shareholder’s Reduction Plan and Its Implementation Results,” disclosing that the reduction plan of the company’s specific shareholder, Suzhou Weilan Investment Management Co., Ltd. – Suzhou Lansan Venture Capital Co., Ltd. (hereinafter referred to as “Lansan Venture Capital”), has been completed. The announcement shows that Lansan Venture Capital reduced a total of 971,000 shares during the approximately three-month reduction period, accounting for 0.9997% of the company’s total share capital, not exceeding the previously disclosed reduction limit.

Overview of the Reduction Plan Implementation

According to the announcement, Jiangsu Boyun disclosed the “Pre-disclosure of the Reduction of Shares by a Specific Shareholder” on November 28, 2025. Lansan Venture Capital planned to reduce no more than 971,333 shares, representing 1.0000% of the company’s total share capital, through centralized bidding transactions within three months after the disclosure date (from December 19, 2025, to March 18, 2026).

As of March 18, 2026, the reduction plan period has ended. Lansan Venture Capital actually reduced 971,000 shares at an average price of 49.2133 yuan per share. The specific reduction details are as follows:

Shareholding Changes

After this reduction, Lansan Venture Capital’s shareholding quantity and proportion have changed accordingly. Before the reduction, Lansan Venture Capital held 1,448,450 shares, accounting for 1.4912% of the company’s total share capital; after the reduction, its holdings decreased to 477,450 shares, accounting for 0.4915%. The specific changes are as follows:

Impact on the Company and Compliance Explanation

The announcement states that the implementation of Lansan Venture Capital’s reduction plan complies with the “Securities Law of the People’s Republic of China,” “Shenzhen Stock Exchange Growth Enterprise Market Listing Rules,” and other relevant laws, regulations, and normative documents. The plan was pre-disclosed as required, and the actual reduction did not exceed the planned limit, with no violations involved.

At the same time, Jiangsu Boyun emphasizes that this reduction plan will not lead to a change in the company’s control, nor will it have a significant impact on the company’s governance structure, equity structure, or ongoing operational capabilities.

Relevant documents show that Lansan Venture Capital has issued a “Notice on the Completion of the Reduction Plan and Its Implementation Results,” confirming that the information is true, accurate, and complete.

The Board of Jiangsu Boyun Plastic Industry Co., Ltd. stated that it will continue to monitor changes in shareholders’ holdings and strictly fulfill its information disclosure obligations in accordance with relevant regulations.

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