Three Kangpeng Tech Shareholders Plan to Sell Up to 5.22% of Shares

On February 5, Kangpeng Technology announced that shareholders Wuxi Yunhui New Energy Vehicle Industry Investment Management Partnership, Tongxiang Yunhui Equity Investment Fund, and its concert party Tongxiang Jiawo Yunfeng Equity Investment Partnership plan to collectively sell no more than 27.1103 million shares—equivalent to 5.22% of the company’s total share capital—via centralized bidding and block trading between March 9, 2026, and June 8, 2026. Specifically, Wuxi Yunhui intends to sell no more than 2.94% of the total shares, while Tongxiang Yunhui and Tongxiang Jiawo together intend to sell no more than 2.28%. The shareholders cited their own funding arrangements as the reason for the planned divestment. The company emphasized that the implementation of this plan remains subject to uncertainty.