Major shareholder reduces stake in Kaichuang International

Shanghai Kaichuang Marine International announced that a major shareholder group, including Beijing Xiaojian Technology Development, has reduced its stake in the company. Between September 11 and September 19, 2025, the group collectively sold 2.462 million shares through centralized bidding, representing 1.0218% of the company's total share capital. The sales occurred at prices ranging from RMB 11.35 to RMB 12.52 per share.

Following this divestment, the combined shareholding of Beijing Xiaojian Technology Development and its concerted parties decreased from 9.9816% to 8.9598%. This change crosses the 1% disclosure threshold, indicating a notable shift in the company's ownership structure.

The company confirmed that this equity change will not alter the controlling shareholder or actual controller, nor will it significantly impact the company's governance structure or ongoing operations.