Zhangjiang Hi-Tech Park's controlling shareholder reduces stake to 50%

Shanghai Zhangjiang (Group) Co., Ltd. (Zhangjiang Group) reduced its stake in Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. through concentrated bidding between October 31, 2025, and November 26, 2025. This transaction involved 11,691,857 shares, representing 0.75% of the company's total share capital. Post-transaction, Zhangjiang Group's holdings decreased from 50.75% to 50.00%.

This equity change aligns with a previously disclosed share reduction plan by Zhangjiang Group, which is expected to continue. The reduction will not alter the company's controlling shareholder or actual controller and is not anticipated to significantly impact corporate governance or ongoing operations.

Concurrently, Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. announced the successful issuance of its second phase of ultra-short-term financing bonds for 2025. The bonds, with a total issuance amount of CNY 60,000,000.00 and an interest rate of 1.60%, will mature on August 21, 2026.