Investor Question: Dear Corporate Secretary:

Hello. Company shareholders Chen Genrong, Wang Miaogen, Qianha Hongyi, and others have frequently pre-disclosed...

MaticHoleFiller · 2026-03-25T14:28:54+00:00

Investors questioned Jinsun Group shareholders' frequent pre-disclosure of share reductions but failure to execute actual operations. The board secretary responded that this is compliant with regulations and the reasons for not reducing holdings have been announced, emphasizing strengthened communication to maintain market stability.

MaticHoleFiller

2026-03-25 14:28:54

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Investor Question:

Dear Secretary of the Board: Hello. Shareholders Chen Genrong, Wang Miaogen, Qianhai Hongyi, and others have frequently disclosed their planned reductions in holdings in advance, but when the time came, they did not actually reduce their holdings, and did not disclose the reasons for not reducing. Please answer:

Do the above behaviors of these shareholders involve violations of information disclosure regulations?
Do they constitute market manipulation or stock price suppression?
Has the company warned shareholders to regulate their behavior regarding frequent misleading reductions?
As key members of the management team, do Chen Genrong and Wang Miaogen’s frequent announcements of reductions indicate pessimism about the company’s prospects?
Can small and medium investors report or complain to the Shenzhen Stock Exchange?

Secretary of the Board (Jindun Shares SZ300411) Response:

Dear investor, hello. Shareholders Chen Genrong, Qianhai Hongyi, and others have all fulfilled their obligation to pre-disclose their reduction plans in accordance with the “Interim Measures for the Management of Shareholders’ Reduction of Listed Companies” and other regulations. After the reduction plan period expired, the company promptly disclosed the “Announcement of the Expiry of the Reduction Plan,” clearly stating that shareholders did not implement the reductions, so there is no violation of information disclosure regulations. Shareholder Chen Genrong and Qianhai Hongyi’s financial conditions improved during the reduction period, and they are optimistic about the company’s long-term development, so they did not reduce their holdings. The company will continue to strengthen communication and reminder mechanisms regarding external shareholders’ reduction information, continuously supervise shareholders to strictly comply with relevant laws, regulations, and self-discipline rules on reductions, guide shareholders to rationally and compliantly plan reductions, and maintain market stability. Thank you for your attention!

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