YTO Express shareholder reduces stake, planned sell-off continues

Hangzhou Haoyue Enterprise Management Co., Ltd. (Hangzhou Haoyue), a major shareholder of YTO Express Group Co., Ltd., has reduced its stake in the company. Between November 10 and November 27, 2025, Hangzhou Haoyue transferred 39,925,000 shares via block trade. This transaction decreased Hangzhou Haoyue's total equity from 9.06% to 7.90%, and the aggregate holding of Hangzhou Haoyue and its concerted parties from 18.75% to 17.59%.

This equity change is part of a previously disclosed share reduction plan announced on October 17, 2025. Hangzhou Haoyue had planned to transfer up to 68,450,994 shares, or 2% of the total share capital, within three months. The current transaction fulfills a portion of this plan and does not trigger a mandatory tender offer.

YTO Express Group affirmed that this change will not alter the controlling shareholder or actual controller, nor will it significantly impact the company's governance structure or operations. Investors are cautioned to be aware of investment risks as the share reduction plan by Hangzhou Haoyue is not yet fully completed.