Philar Technology Shareholder Chen Xi Completes Share Reduction Plan, Cumulatively Reduces 260,000 Shares Accounting for 0.375% of Total Share Capital

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Shenzhen Feiling Kesi Communication Technology Co., Ltd. (hereinafter referred to as “Feiling Kesi”) announced on March 25th that the share reduction plan of Ms. Chen Xi, a shareholder holding more than 5% of the company, has been completed. After this reduction, Ms. Chen Xi still holds 12,055,810 shares, accounting for 17.386% of the total share capital.

Implementation of the Reduction Plan

The announcement shows that Feiling Kesi disclosed a pre-disclosure of Ms. Chen Xi’s reduction plan on March 2, 2026. She plans to reduce no more than 260,000 shares, approximately 0.3750% of the total share capital, between March 24 and June 23, 2026, through centralized bidding or block trades. This accounts for 0.3774% of the total share capital after excluding shares held in the share repurchase account.

As of the disclosure date, Ms. Chen Xi has completed the above reduction plan, reducing 260,000 shares, consistent with the planned amount. The shares sold in this reduction come from shares issued before the company’s initial public offering and shares increased proportionally through capital reserve conversion.

Changes in Shareholding Before and After the Reduction

| Share Type | Shares Held Before Reduction | | | Shares Held After Reduction | | | |—|—|—|—|—|—|—|—| | | Number of Shares | Shareholding Ratio (%) | Shareholding Ratio after Excluding Repurchase Account (%) | Number of Shares | Shareholding Ratio (%) | Shareholding Ratio after Excluding Repurchase Account (%) | | Total Shares Held | 12,315,810 | 17.7610 | 17.8781 | 12,055,810 | 17.3860 | 17.5007 | | Of which: Unrestricted Shares | 12,315,810 | 17.7610 | 17.8781 | 12,055,810 | 17.3860 | 17.5007 | | Restricted Shares | 0 | 0.0000 | 0.0000 | 0 | 0.0000 | 0.0000 |

According to the announcement, as of the disclosure date, Feiling Kesi’s total share capital is 69,342,000 shares. After excluding 454,300 shares held in the company’s share repurchase account, the actual circulating total share capital is 68,887,700 shares. After this reduction, Ms. Chen Xi holds 12,055,810 unrestricted shares, accounting for 17.386% of the total share capital and 17.5007% after excluding the repurchase account.

Impact on the Company and Compliance Statement

The announcement states that Ms. Chen Xi is not a controlling shareholder or actual controller of the company. This reduction will not lead to a change in the company’s control, nor will it significantly affect the company’s governance structure or ongoing operations. The reduction strictly complies with the “Company Law,” “Securities Law,” and relevant rules of the Shenzhen Stock Exchange. The implementation of the reduction is consistent with the previously disclosed plan and has not violated any commitments.

Feiling Kesi stated that it will continue to monitor shareholder shareholding changes, urge relevant shareholders to fulfill disclosure obligations, and remind investors to be cautious of investment risks.

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. Any information in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have questions, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Kuai Bao