Announcement of Shareholding Reduction Plan for Secohid Shareholders
Securities code: 688338 Securities abbreviation: Sekohid Announcement number: 2026-001
Beijing Secohid Technology Co., Ltd.
Announcement of Shareholders' Plan to Reduce Shareholdings
The company's board of directors, all directors and relevant shareholders guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents in accordance with the law.
Important content reminder:
Basic information on shareholders’ shareholdings
As of the disclosure date of this announcement, Ms. Zhang Haiying of Beijing Secoside Technology Co., Ltd. (hereinafter referred to as the "Company" or "Secoside"), as a shareholder holding more than 5% of the company's shares, directly holds 5,499,130 shares of the company, accounting for 5.1809% of the company's total share capital.
The above-mentioned shares are all unrestricted tradable shares, derived from the shares acquired before the company's initial public offering and the shares acquired by the company by converting capital reserves into share capital.
Main contents of the shareholding reduction plan
The company recently received the "Notification Letter on the Share Reduction Plan" issued by Ms. Zhang Haiying. Due to personal fund needs, the above-mentioned reduction entities plan to reduce the company's shares through centralized bidding within 3 months from the date of disclosure of this announcement, 15 trading days after the date of disclosure of this announcement, and on the premise of complying with the reduction requirements of laws and regulations. The specific situation is as follows:
Ms. Zhang Haiying, a shareholder who holds more than 5% of the company's shares, plans to reduce her shareholding in the company to no more than 192,100 shares, which is no more than 0.1810% of the company's total share capital.
If the company undergoes changes in its shares during the above-mentioned period, such as bonus shares, conversion of capital reserves into share capital, etc., the number of shares to be reduced in this shareholding reduction plan will be adjusted accordingly.
1. Basic situation of the holding reduction entities
Shareholder name Zhang Haiying
Shareholder identity Controlling shareholder, actual controller and person acting in concert □Yes √No
Shareholders who directly hold more than 5% of the shares √Yes □No Directors, supervisors and senior managers □Yes √No Others: None
Number of shares held: 5,499,130 shares
Shareholding ratio 5.1809%
Obtained before IPO: 4,039,670 shares
Source of current shareholdings
Acquired through other methods: 1,459,460 shares
Note: "Acquired by other means" means acquired by converting capital reserves into share capital.
There is no concerted action in the above-mentioned reduction of holdings.
Shareholders and reduction of shareholdings in the past 12 months
Amount of reduction of holdings Price range of reduction of holdings Name of shareholder in the previous reduction of holdings Ratio of reduction of holdings Period of reduction of holdings
(share) (yuan/share) Plan disclosure date
2025/8/4～ July 2025 Zhang Haiying 825,195 0.7774% 26.62-28.89
2025/11/3 14th
2. Main contents of the shareholding reduction plan
Shareholder name Zhang Haiying
The number of planned reductions shall not exceed: 192,100 shares
Planned shareholding reduction ratio shall not exceed: 0.1810%
Method and corresponding reduction amount: Centralized bidding reduction, no more than: 192,100 shares
Holding reduction period February 3, 2026 to April 30, 2026 Source of shares to be reduced: Pre-IPO shares
Reasons for planned reduction of holdings Personal capital needs
During the disclosure period, if the company's stock is suspended from trading, the actual time to start reducing its holdings will be postponed accordingly based on the suspension time.
(1) Whether the relevant shareholders have other arrangements □Yes √No
(2) Whether major shareholders, directors, supervisors and senior management have previously made commitments on shareholding ratio, shareholding amount, shareholding period, shareholding reduction method, shareholding reduction quantity, shareholding reduction price, etc. √Yes □No
- Conditions for reducing shareholdings
As the major shareholder of the issuer, the committer strictly abides by the various lock-up period (including extended lock-up period) requirements stated in the company's prospectus and the commitment issued by the committer, and strictly abides by relevant laws, regulations, normative documents and regulatory requirements, and does not reduce its direct or indirect holdings of the company's shares during the lock-in period. 2. Ways to reduce shareholdings
After the lock-up period expires, the promisee plans to reduce its direct or indirect holdings of the issuer's shares through methods including but not limited to centralized bidding transactions in the secondary market, block transactions, and agreement transfers.
- Price of reduction of shares
The price at which the promiser reduces the issuer's shares held directly or indirectly (if ex-rights or ex-dividends are carried out due to distribution of cash dividends, bonus shares, capital increase, issuance of new shares, etc., corresponding adjustments will be made in accordance with relevant regulations, the same below) and determined based on the prevailing secondary market price , and should comply with relevant laws, regulations and the rules of the Shanghai Stock Exchange; if the issuer's shares directly or indirectly held by the pledger before the issuer's public offering are reduced within two years after the expiration of the lock-up period, the reduction price shall not be lower than the issuance price of the shares in this public offering. 4. Reduce the number of shares held
Within 12 months after the expiration of the lock-up period, the pledger's direct or indirect transfer of the issuer's shares shall not exceed 50% of the issuer's shares held by the pledger; within the 13th to 24th month after the expiration of the lock-up period, the pledger's direct or indirect transfer of the issuer's shares shall not exceed 50% of the issuer's shares directly or indirectly held by the pledger at the beginning of the 13th month after the expiration of the lock-up period. If the issuer's shares held by the promisor change due to the issuer's bonus shares, capital increase, share repurchase, etc., the number of transferable shares of the promisor in the corresponding year will change accordingly.
After the expiration of the lock-up period for the shares held by the promisee, if the promiser uses centralized bidding transactions to reduce its holdings, the total number of shares it will reduce in any consecutive 90 days shall not exceed 1% of the total number of the issuer's shares. If it adopts block trading to reduce its holdings, the total number of shares it will reduce in any consecutive 90 days shall not exceed 2% of the total number of the issuer's shares. When calculating the number of shares mentioned above, the shares held by the promisor and persons acting in concert with the promisor shall be calculated together.
If the issuer's equity held by the promisor is pledged, the promisor will notify the issuer in writing within 2 days from the date of occurrence of this fact, and the issuer will file it with the Shanghai Stock Exchange and make an announcement. If the issuer's equity held by the promisor is sold due to the execution of the equity pledge agreement, this commitment shall be implemented.
- Procedures and deadlines for reducing shareholdings
If the promisee uses centralized bidding to reduce its holdings, it will do so within 15 days of the first sale of the issuer's shares. The shareholding reduction plan (including but not limited to the number, source, time range, method, price range, and reason for the reduction) of the shares to be reduced shall be notified in writing to the issuer before the first trading day, and the issuer shall file and announce it with the Shanghai Stock Exchange, and disclose the progress of the reduction in accordance with laws, regulations, and exchange regulations; when the commitment is to reduce the issuer's shares through methods other than centralized bidding transactions, the commitment will be made three trading days in advance. The shareholding reduction plan (including but not limited to the number, source, time range, method, price range, and reasons for the reduction of shares to be reduced; there is no need to announce the reduction plan three trading days in advance after the shares held by the promisor and the person acting in concert with the promisor are less than 5%). The issuer shall be notified in writing and the issuer shall file and announce it to the Shanghai Stock Exchange, and perform information disclosure obligations in a timely and accurate manner in accordance with the rules of the Shanghai Stock Exchange.
The pledger can reduce its shareholding in the issuer only after 3 trading days from the date of the issuer's announcement, which must be completed within 6 months from the date of the announcement, and must fulfill its information disclosure obligations in a timely and accurate manner in accordance with the rules of the Shanghai Stock Exchange.
- The promisee will strictly fulfill the above commitments and promises to abide by the following binding measures:
(1) If the above commitments are not fulfilled, the committer will publicly explain the specific reasons for the failure to fulfill the commitments at the issuer's shareholders' meeting and in newspapers designated by the China Securities Regulatory Commission and apologize to other shareholders of the issuer and public investors.
(2) If the promisor violates the above commitments or the mandatory provisions of the law to reduce the issuer's shares, the promisor promises that the proceeds from the illegal reduction of the issuer's shares (hereinafter referred to as the "illegal reduction of shares") will belong to the issuer. At the same time, the lock-up period of the remaining issuer shares held directly or indirectly by the promisor will be automatically extended for 6 months after the expiration of the original lock-up period. If the promisor fails to turn over the proceeds from the illegal shareholding reduction to the issuer, the issuer has the right to take back to the issuer the amount of cash dividends payable to the promisor that is equal to the proceeds from the illegal shareholding reduction.
(3) If the above commitments are not performed and investors suffer losses in securities transactions, the promisee will compensate investors for their losses in accordance with the law.
(4) If the regulatory authorities issue more stringent regulations on reduction of holdings at the time of reduction, the promisee shall comply with the requirements of the regulatory authorities at that time.
Is the planned shareholding reduction consistent with the previously disclosed commitments √ Yes □ No
(3) Whether it is a company that was not profitable at the time of listing, and its controlling shareholders, actual controllers, directors, supervisors,
Situation in which senior managers plan to reduce their pre-IPO shares □Yes √No
(4) Other matters required by the Exchange: None
3. Controlling shareholders or actual controllers reduce their holdings of pre-IPO shares
Is the controlling shareholder or actual controller planning to reduce its pre-IPO shares? □Yes √No
4. Risk warning related to shareholding reduction plan
(1) Uncertain risks in the implementation of the shareholding reduction plan, such as prerequisites, restrictive conditions for the implementation of the plan, and specific circumstances in which relevant conditions are achieved or eliminated, etc.
The above-mentioned reduction entities will decide whether to implement this reduction plan based on factors such as market conditions and the company's stock price. The implementation of this reduction plan involves uncertainties such as the time, quantity, and price of reduction. This shareholding reduction plan will not have an impact on corporate governance and sustainable operations.
(2) Whether the implementation of the shareholding reduction plan may lead to the risk of changes in the control of the listed company
□Yes √No
(3) Other risk warnings
This shareholding reduction plan complies with the provisions of relevant laws and regulations such as the Securities Law of the People's Republic of China, the Interim Measures for the Management of Share Reductions by Shareholders of Listed Companies, the Listing Rules of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, and the Shanghai Stock Exchange Self-Regulatory Supervision Guidelines for Listed Companies No. 15 - Reduction of Shares by Shareholders and Directors, Supervisors and Senior Management. The above-mentioned reduction entities will strictly implement the reduction in accordance with laws, regulations and relevant regulatory requirements, and the Company and the above-mentioned reduction entities will perform information disclosure obligations in a timely manner.
Announcement is hereby made.
Board of Directors of Beijing Secoside Technology Co., Ltd.
January 13, 2026