MustangBattery: The combined shareholding ratio of the controlling shareholder and actual controller has decreased to 73.82%

MustangBattery announced that the combined shareholding ratio of the controlling shareholder and actual controller has decreased to 73.82%. From October 9 to 31, 2025, shareholders Chen Yijun, Yu Gufeng, and Chen Kejun reduced their holdings by 578,300 shares, 1,879,000 shares, and 620,300 shares, respectively, totaling a reduction of 3,077,600 shares. This change in equity does not trigger a mandatory takeover offer and will not lead to a change in the controlling shareholder and actual controller

A-share stocks in the "Ma" category quickly surged, with FULONGMA rapidly hitting the daily limit, and multiple stocks such as Yuma Technology, MustangBattery, WLM, and HANMA TECHNOLOGY also rising

The battery sector's gains further expanded in the afternoon, with over 10 stocks including Canmax Technologies hitting the daily limit

The battery sector's gains further expanded in the afternoon, with over 10 stocks including Canmax Technologies, Shangtai Tech, Putailai, FENGYUAN, and MustangBattery hitting the daily limit

MustangBattery fell to the daily limit in the afternoon, and the actual controller plans to reduce its holdings in the company by no more than 3% of the shares

MustangBattery fell to the daily limit in the afternoon, with a stock price of 25.56 yuan and a total market value of 6.68 billion yuan. The company announced that the actual controller and executives plan to reduce their holdings due to personal funding needs. Chairman Chen Yijun plans to reduce his holdings by no more than 1.95 million shares (0.75%), General Manager Richard Yu plans to reduce his holdings by no more than 3.92 million shares (1.5%), and Vice General Manager Chen Kejun plans to reduce his holdings by no more than 1.95 million shares (0.75%)

The actual controllers of MustangBattery, Chen Yijun, Yu Gufeng, and Chen Kejun, plan to collectively reduce their holdings by no more than 3%

MustangBattery announced that the actual controllers Chen Yijun, Yu Gufeng, and Chen Kejun plan to collectively reduce their holdings by no more than 3% of the shares. Chen Yijun plans to reduce his holdings by no more than 1.95 million shares (0.75%), Yu Gufeng plans to reduce his holdings by no more than 3.92 million shares (1.5%), and Chen Kejun plans to reduce his holdings by no more than 1.95 million shares (0.75%)