Shanxi Fen Wine shareholder to reduce stake through block trade

Huachuang Xinrui (Hong Kong) Co., Ltd., a shareholder of Shanxi Xinghuacun Fen Wine Factory Co., Ltd. with a 10.50% stake, plans to sell up to 16,200,599 shares. This represents approximately 1.33% of the company's total share capital. The divestment will occur via a block trade over a three-month period, from October 21, 2025, to January 20, 2026.

This share reduction is driven by the impending maturity and exit arrangements of Lianhe Jijin I (Limited Partnership), a constituent of Huachuang Xinrui. Following the transaction, Lianhe Jijin I will liquidate and no longer hold shares in Huachuang Xinrui.

Despite this change, CR Enterprise, which holds 87.36% of Huachuang Xinrui, will continue to hold its stake in Shanxi Fen Wine through Huachuang Xinrui, affirming its confidence in the company's future prospects. The company assures that the planned share transfer will not alter its governance structure or ongoing operations.