Shibao Holding trims stake in Zhejiang Shibao, crosses disclosure threshold

Zhejiang Shibao Company Limited announced that its controlling shareholder, Shibao Holding, reduced its stake in the company. On September 22 and 23, 2025, Shibao Holding sold a total of 12,360,747 A shares through block trading, representing 1.50% of the company's total share capital. The sales included 766,000 shares (0.09%) on September 22 and 11,594,747 shares (1.41%) on September 23.

This share reduction altered the combined shareholding of Shibao Holding and its concert parties from 38.11% to 36.61% of Zhejiang Shibao's total share capital, crossing the 1% integer multiple threshold. Following these transactions, Shibao Holding now holds 274,749,851 A shares, representing 33.40% of the company’s total share capital.

The announcement follows an August 29, 2025 disclosure by Zhejiang Shibao that Shibao Holding intended to reduce its shareholding by up to 16,452,647 A shares (not exceeding 2% of total share capital) between September 19 and December 17, 2025.