Zhejiang Shibao's controlling shareholder completes share reduction plan

Zhejiang Shibao Company Limited announced the completion of its controlling shareholder's share reduction plan. Shibao Holding, the controlling shareholder, reduced its stake by 16,452,647 A shares, representing 2% of the company's total share capital. The shares were reduced through block trading between September 19, 2025, and November 11, 2025, at an average price of 11.89 yuan per share.

The initial plan, disclosed on August 29, 2025, aimed to reduce shareholding by no more than 16,452,647 A shares. A previous reduction of 12,360,747 A shares, or 1.50% of total share capital, occurred on September 22 and 23, 2025.

Following the full implementation of the share reduction plan, Shibao Holding now holds 270,657,951 A shares in Zhejiang Shibao, representing 32.90% of the company's total share capital.