Star Lake Bioscience major shareholder cuts stake, triggers disclosure threshold

Guangdong Zhaoqing Star Lake Bioscience Co., Ltd. announced that its major shareholder, Tie Xiaorong, and her concerted party, Ningxia Yipin Investment Group Co., Ltd., have decreased their combined equity interest in the company. Between October 24, 2025, and November 18, 2025, Tie Xiaorong collectively sold 12.4654 million shares through centralized bidding.

This transaction resulted in a reduction of their total shareholding from 11.61% to 10.86%, crossing the 1% disclosure threshold. Specifically, Tie Xiaorong’s direct holdings decreased from 20.1862 million shares (1.21%) to 7.7208 million shares (0.46%) during this period. Ningxia Yipin Investment Group's holdings remained unchanged at 172.685029 million shares (10.39%).

The company confirmed that this equity change does not trigger a mandatory tender offer, nor will it alter the company's controlling shareholder or actual controller. Furthermore, it is not expected to impact the company's governance structure or ongoing operations.