Red Star Macalline major shareholders trim stakes

Hangzhou Haoyue Enterprise Management Co., Ltd., along with concert parties Taobao China Holding Limited and New Retail Strategic Opportunities Investments 4 Limited, has reduced its total shareholding in Red Star Macalline Group Corp. Their combined stake decreased from 9.31% to 8.98%, a change that crossed the 1% threshold.

The share reduction, which took place between September 10, 2025, and November 4, 2025, involved a total of 14,297,600 A shares. Hangzhou Haoyue sold 3,571,600 shares via concentrated competitive bidding and 10,726,000 shares via block trades. This adjustment will not alter the company's controlling shareholder or actual controller, nor will it significantly impact its governance structure or ongoing operations.