Huachuang Xinrui reduces stake in Shanxi Fen Wine, triggers 5% threshold

Huachuang Xinrui (Hong Kong) Co., Ltd.'s stake in Shanxi Xinghuacun Fen Wine Factory Co., Ltd. decreased from 11.45% to 10.00% between June 29, 2018, and October 31, 2025. This change was due to a combination of factors, including passive dilution from the company's restricted stock incentive plan, an increase in shareholding from a stock dividend, and active reduction through block trades on the Shanghai Stock Exchange, along with a decrease in total share capital due to share buybacks.

The reduction in ownership specifically touches the 5% threshold, with Huachuang Xinrui's total shares held at 121,996,423 shares following these transactions. The company had previously disclosed a plan on September 22, 2025, to reduce its holdings by up to 16,200,599 shares, representing 1.33% of the total share capital, through block trades. This plan is currently ongoing and has not been fully implemented as of the latest announcement.

Huachuang Xinrui is a direct shareholder, not a controlling shareholder or an entity acting in concert, and has committed to strictly adhering to relevant regulations during the implementation of the share reduction plan. The company does not currently have any plans to increase or decrease its holdings further within the next 12 months, beyond the disclosed reduction plan.