Jiangsu Boamax Technologies Group Co.Ltd(002514) : Chen Dong, the shareholder, plans to passively reduce his holding of no more than 2% shares

Jiangsu Boamax Technologies Group Co.Ltd(002514) (002514) announced on February 11 that some of the company’s shares pledged by Chen Dong, a shareholder holding 14.55% of the shares, may be closed due to the breach provisions agreed in the trigger agreement, which may lead to passive reduction. The passive reduction plan does not exceed 11.0807 million shares, accounting for no more than 2% of the total share capital of the company. After the passive reduction, Chen Dong was reduced to the second largest shareholder of the company according to the number of direct holdings. Guangxun Co., Ltd., the shareholder of the company, holds 84 million shares, accounting for 15.16% of the total share capital of the company, and passively becomes the largest shareholder of the company.