Milkground vice chair to reduce significant stake

Shanghai Milkground Food Tech Co., Ltd. announced that its vice chairman and general manager, Chai Xiu, plans to reduce her stake in the company. As of the announcement date, Chai Xiu directly holds 76,103,632 shares, representing 14.86% of the total share capital. Her concert party, Jilin Province Dongxiu Trading Co., Ltd., holds an additional 5,280,000 shares, bringing their combined total to 81,383,632 shares, or 15.89%.

Driven by personal capital needs, Chai Xiu intends to sell up to 10,000,000 shares via block trades, representing no more than 1.95% of the company's current total share capital. The sales will occur within three months, from September 19, 2025, to December 18, 2025, with prices determined by market rates.

The company stated that Chai Xiu will adhere to all relevant laws and regulations, acknowledging the inherent uncertainty of such a plan, which will be influenced by market conditions and the company's stock price.