Gongniu Group actual controller completes Rmb1.4bn share reduction

Gongniu Group Co., Ltd. announced that its actual controller, Ruan Xueping, has completed a block trade share reduction. The reduction involved 36,171,753 shares, representing 2.00% of the company's total share capital. The transactions occurred between October 31, 2025, and November 14, 2025, within a price range of Rmb 39.93 to Rmb 41.09 per share, totaling Rmb 1,456,346,253.16.

This share reduction was in line with the plan disclosed on October 10, 2025. Following the completion, Ruan Xueping’s direct holding decreased to 219,408,816 shares, or 12.13% of the total share capital. Combined with his consistent actors, the total holding percentage decreased from 84.76% to 82.97%, triggering two 1% threshold changes in beneficial ownership.

The original shareholding of Ruan Xueping and his consistent actors stood at 1,532,941,975 shares, accounting for 84.76% of the company's total share capital prior to this reduction. The shares were acquired through IPO, capital reserve transfers, and non-trading transfers.