Kaichuang International shareholder group reduces stake below 6%

Shanghai Kaichuang Marine International received notification on December 2, 2025, from Xiaojian Technology and its concerted parties, including Beijing Yizhen Technology Development, Beijing Xiaojian Technology Development, Wu Changhui, Beijing Sena Investment Development, Bugu Bird (Beijing) Technology Development, and Beijing Namunani Asset Management. The notification stated that their aggregate shareholding in the company had reduced, reaching the 6% threshold.

Between November 28, 2025, and December 2, 2025, Xiaojian Technology and its concerted parties sold 1,860,000 shares of Shanghai Kaichuang Marine International through centralized bidding. This represented 0.7720% of the company's total share capital, with prices ranging from CNY 11.98 to CNY 12.35 per share. Following these transactions, the collective stake of Xiaojian Technology and its concerted parties decreased from 6.0724% to 5.3004%.

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