Haidilao controlling shareholder to distribute shares in specie

Haidilao International Holding Ltd. announced that NP United Holding Ltd., a controlling shareholder, will distribute all its shares in the company to its shareholders, ZY NP LTD, SP NP LTD, SYH NP LTD, and LHY NP LTD. Immediately prior to the distribution, NP United held 1,801,970,108 shares, representing 32.33% of Haidilao's total issued shares.

Upon completion, NP United will cease to hold any Haidilao shares and will no longer be a controlling shareholder. The distribution will involve the transfer of 933,024,083 shares to ZY NP LTD (16.74%), 289,648,675 shares to SP NP LTD (5.20%), 289,648,675 shares to SYH NP LTD (5.20%), and 289,648,675 shares to LHY NP LTD (5.20%).

Mr. Zhang, Ms. Shu, ZY NP LTD, and SP NP LTD will remain as controlling shareholders, collectively holding 2,782,373,893 shares, or 49.92% of total issued shares. The Securities and Futures Commission has confirmed this distribution will not trigger a mandatory general offer obligation, and the board does not anticipate a material negative impact on the group's operations.