Red Star Macalline shareholder reduces stake by 1.28%

Hangzhou Haoyue Enterprise Management Co., a major shareholder in Red Star Macalline Group Corp., has announced the completion of its share reduction plan. As of November 30, 2025, Hangzhou Haoyue, along with its consistent actors (Taobao China Holding Limited and New Retail Strategic Opportunities Investments 4 Limited), collectively reduced their holdings by 55,673,300 shares. This translates to a 1.28% decrease in their combined stake, bringing their total ownership to 349,696,906 shares, or 8.03% of the company's total share capital.

The reduction was executed through a combination of centralized bidding and block trading. Specifically, 43,547,300 shares were sold via centralized bidding, accounting for 1.00% of the total share capital, while 12,126,000 shares were sold through block trading, representing 0.28%. The total value of the shares sold reached 153,579,800 yuan, with prices ranging from 2.48 yuan to 2.85 yuan per share.

Despite the reduction, the planned maximum reduction of 3% was not fully utilized, as 74,968,679 shares from the initial plan were not sold. Hangzhou Haoyue's current individual holding stands at 235,073,943 shares, representing 5.40% of Red Star Macalline's total share capital.