YTO Express shareholder plans block trade share reduction

YTO Express Group (SSE:600233) announced that shareholder Hangzhou Haoyue Enterprise Management Co., Ltd. plans to reduce its stake via block trading. Haoyue, which currently holds 11% (379,179,681 shares) of YTO Express, intends to sell no more than 68,935,068 shares, representing up to 2% of the company's total share capital. The block trades are planned to occur between April 3, 2025, and July 2, 2025, with pricing based on prevailing market conditions. Haoyue, an entity within Alibaba Group, cites its own development strategies and capital planning as the reason for the share reduction. This reduction will not affect the control of YTO Express.