Kaichuang International major shareholder reduces stake

Shanghai Kaichuang Marine International announced that its 5% or more shareholder, Xiaojian Technology and its concerted parties, reduced their stake, resulting in a change that crossed the 1% threshold. The group, comprising Beijing Yizhen Technology Development Co., Ltd., Beijing Senna Investment Development Co., Ltd., Bugu Bird (Beijing) Technology Development Co., Ltd., and Beijing Namunani Asset Management Co., Ltd., sold 2,932,081 shares between November 7 and November 17, 2025.

The shares were sold through centralized bidding at prices ranging from RMB 11.77 to RMB 13.29 per share. This transaction represents 1.2170% of Kaichuang International's total share capital. Following the reduction, the combined shareholding of Xiaojian Technology and its concerted parties decreased from 8.9598% to 7.7428%.

The company confirmed that this equity change does not involve a controlling shareholder or actual controller, nor will it impact the company's governance structure or continuous operations. All transactions adhered to relevant securities laws and regulations.