Kaichuang International sees major shareholder reduce stake

Shanghai Kaichuang Marine International announced that Beijing Xiaojian Technology and its concerted parties have reduced their stake in the company. From November 18 to November 27, 2025, the group sold 4,024,678 shares through concentrated bidding, representing 1.6704% of Kaichuang International's total share capital. The share price range for these transactions was from 12.36 yuan to 13.76 yuan per share.

Following these transactions, the collective shareholding of Beijing Xiaojian Technology and its concerted parties decreased from 7.7428% to 6.0724%. The selling entities include Beijing Yizhen Technology Development Co., Ltd., which reduced its holdings from 5.0001% to 3.3992%, and Beijing Xiaojian Technology Development Co., Ltd., which decreased its stake from 2.2690% to 2.2014%. Beijing Namunani Asset Management Co., Ltd. sold its entire 0.0020% holding.

The company confirmed that this equity change involves a non-controlling shareholder and will not result in a change of the company's controlling shareholder or actual controller, nor will it significantly impact the company's governance structure or ongoing operations. The transaction complies with relevant securities laws and regulations.