KSTAR: Controlling shareholder Ningbo KSTAR plans to reduce holdings by no more than 1%

KSTAR announces that the controlling shareholder, Ningbo KSTAR Venture Capital Partnership (Limited Partnership), plans to reduce its holdings of the company’s shares by no more than 5,822,200 shares, accounting for 1% of the company’s total share capital, within three months after 15 trading days from the date of the announcement, through block trades or centralized bidding. The reason for the reduction is due to its own capital needs. The source of the shares is from shares and rights distribution transferred before the initial public offering.