ST Quan's controlling shareholder and its concerted persons' shareholding ratio decreased to 18.42%

Beijing Business Daily (Reporter Wang Manlei) announced on March 17 that ST Quanwei (300716) disclosed that its controlling shareholder, Quanwei Green Energy Investment (Hainan) Co., Ltd. (hereinafter referred to as “Quanwei Green Energy”), was passively reduced by 5 million shares due to judicial auction. The shareholding ratio of the controlling shareholder and its concerted parties decreased from 21.54% to 18.42%, with the equity change reaching a multiple of 5%.

The announcement shows that on January 3, 2025, Quanwei Green Energy increased its holdings by 100,000 shares through centralized bidding with its own funds, accounting for 0.06% of the total share capital. After this increase, Quanwei Green Energy and its concerted parties held a total of 35,304,400 shares, accounting for 22.06% of the total share capital. On February 4, 2026, due to debt default, 830,000 shares held by Quanwei Green Energy were auctioned and transferred through judicial auction. After this reduction, Quanwei Green Energy and its concerted parties held a total of 34,474,400 shares, accounting for 21.54% of the total share capital.

Additionally, due to debt default, 5 million shares held by Quanwei Green Energy were auctioned and transferred through judicial auction on March 11, 2026. After this reduction, Quanwei Green Energy and its concerted parties held a total of 29,474,400 shares, accounting for 18.42% of the total share capital.

This shareholding change is a passive reduction caused by judicial enforcement and does not involve any change in the company’s controlling shareholder or actual controller.