Luxin Venture Capital's major shareholder reduces stake, triggering threshold

Shandong Luxin Investment Holdings Group Co., Ltd. ("Luxin Group"), the controlling shareholder of Luxin Venture Capital Group Co., Ltd., has reduced its stake in the company. Between September 3 and September 29, 2025, Luxin Group divested 4,253,898 shares through centralized bidding, representing 0.57% of the company's total share capital.

Following this transaction, Luxin Group and its concert parties now collectively hold 51,360.7979 million shares, a decrease from 51,786.1877 million shares. This change reduces their aggregate shareholding from 69.57% to 69.00%, thus triggering the 1% equity change threshold.

The company stated that this reduction in equity interest is a normal business operation by Luxin Group and does not involve a tender offer. It will not lead to a change in the company's controlling shareholder or actual controller, nor will it significantly impact the company's governance structure or ongoing operations.