Major Shanghai Wanye shareholder trims stake, triggers 1% notification

Sanlin Wanye (Shanghai) Enterprise Group Co., Ltd., a major shareholder of Shanghai Wanye Enterprises, has reduced its equity interest, triggering a 1% threshold notification. Between September 15, 2025, and October 22, 2025, Sanlin Wanye sold 5,205,900 unrestricted tradable shares through centralized bidding, representing approximately 0.56% of the company's total share capital.

Following this transaction, Sanlin Wanye's shareholding in Shanghai Wanye Enterprises decreased from 70,346,221 shares to 65,140,321 shares. This reduced its ownership stake from 7.56% to 7.00%. The company had previously disclosed a plan on August 23, 2025, to reduce its holdings by up to 2.76% of the total share capital.

The company confirmed that this equity change is a normal reduction by the shareholder, does not involve a tender offer, and will not impact the company's governance structure or continuous operations. The reduction also does not alter the company's controlling shareholder or actual controller. Sanlin Wanye's share reduction plan is ongoing, and further disclosures will be made as required.