Deppon Logistics: Indirect controlling shareholder completes share increase plan

On November 26, 2025, Deppon Logistics Co., Ltd. announced that its indirect controlling shareholder, Suqian Jingdong Zhuofeng Enterprise Management Co., Ltd. (Jingdong Zhuofeng), completed its previously disclosed share increase plan. Jingdong Zhuofeng acquired 30,037,500 shares of Deppon Logistics' A-shares through centralized bidding on the Shanghai Stock Exchange.

The total value of the acquired shares amounted to RMB 417,810,018, representing 2.95% of the company's total share capital. This investment exceeded the minimum target of RMB 300 million and was within the maximum target of RMB 600 million for the plan, which ran from November 26, 2024, to November 25, 2025.

The completion of this share increase means Jingdong Zhuofeng and its concert parties now collectively hold 811,713,228 shares, representing 79.59% of Deppon Logistics' total share capital. The company confirmed this action complies with relevant securities laws and regulations, does not trigger a tender offer, and will not alter the company’s ownership structure or operational stability.