Bull Group controlling shareholder to sell 2% stake

Mr. Ruan Xueping, a controlling shareholder of Bull Group Co., Ltd., plans to reduce his stake by up to 36,171,753 shares, representing no more than 2% of the company’s total share capital. The proposed reduction will occur via block trades over a three-month period, commencing 15 trading days after the announcement and ending on January 30, 2026. As of the announcement date, Mr. Ruan holds 255,580,569 shares, or 14.13% of the company's total share capital.

The shares intended for sale originate from pre-IPO holdings. This divestment is stated to meet Mr. Ruan's personal funding requirements and is not expected to significantly impact the company's governance or ongoing operations.

Mr. Ruan Xueping and his associated entities collectively hold 1,532,941,975 shares, accounting for 84.76% of Bull Group's total share capital. The company asserts that the share reduction plan complies with relevant securities laws and regulations, and it will ensure adherence to information disclosure obligations.