Major Fen Wine shareholder completes stake reduction

Hua Chuang Xin Rui (Hong Kong) Co., Ltd., a major shareholder in Shanxi Xinghuacun Fen Wine Factory, has successfully completed its share reduction plan. The company previously held 128,114,296 shares, representing 10.50% of the total share capital. The reduction was carried out between October 21, 2025, and December 1, 2025.

Through block trades, Hua Chuang Xin Rui sold 16,200,599 shares, accounting for 1.33% of the company's total share capital. The sales occurred within a price range of 180.00 to 188.94 yuan per share, totaling 2,974,350,927 yuan.

Following the completion of this reduction, Hua Chuang Xin Rui now holds 111,913,697 shares, reducing its stake to 9.17%. This move also signals that United Foundation I (Limited Partnership) will no longer hold shares in Hua Chuang Xin Rui upon liquidation.