Yonghui Superstores shareholder group plans stake reduction

Yonghui Superstores Co. Ltd. announced a plan by its direct shareholder holding over 5% and persons acting in concert, including chairman Zhang Xuansong, to reduce their holdings. The group, which collectively holds 1,274,987,806 shares, representing 14.05% of the company's total share capital, intends to sell up to 90,750,000 shares, or 1%, through centralized bidding.

The reduction will be carried out by Shanghai Xishirun Investment Management Co. Ltd. – Xishirun Huerun No. 6 Private Securities Investment Fund, which currently holds 169,638,486 shares, or 1.87% of the total share capital. The sales are planned to occur between December 4, 2025, and March 3, 2026, with the selling price to be determined by market conditions.

The primary reason cited for this divestment is personal capital requirements. The company emphasizes that the timing, pricing, and volume of the share reduction are subject to market conditions and the shareholders' discretion. This transaction is not expected to alter the company's control.