Zhonghuan Marine & Land: Shareholder Jiangsu Jianghai Machinery Plans to Reduce Holdings by No More Than 3%

Central Marine Land Announcement: The shareholder Jiangsu Jianghai Machinery Co., Ltd., holding 11.36% of the shares, plans to reduce its holdings by no more than 3 million shares, accounting for 3.00% of the company’s total share capital, within three months after 15 trading days from the date of disclosure. The reduction will be carried out through centralized bidding and block trades. The proportion of reduction via centralized bidding will not exceed 1%, and via block trades will not exceed 2%. The reduction period is from March 9, 2026, to June 8, 2026. The price will be based on the market price. The source of shares is from the initial public offering before the listing.