Yonghui Superstores sees shareholder equity change, faces new lawsuits totaling RMB 494m

Yonghui Superstores Co., Ltd. announced a 0.05% reduction in the shareholding of its directly held 5%+ shareholder, director, and chairman Mr. Zhang Xuansong, and his consistent action parties, from 14.05% to 14.00%. This change was primarily due to Shanghai Jishirun Investment Management Co., Ltd. selling 4,500,000 shares via centralized bidding on December 4, 2025. This triggered a 1% equity change threshold and aligns with previously disclosed reduction plans.

Concurrently, Yonghui Superstores and its subsidiaries have incurred cumulative new lawsuits and arbitrations totaling RMB 494,698,150.60 since the last disclosure. This amount represents 11.14% of the company's 2024 audited net assets. The company is a plaintiff/applicant in cases totaling RMB 38,119,293.46 and a defendant/respondent in cases totaling RMB 45,657.89, with RMB 5,113.00 of the latter already concluded.

These legal proceedings are pending judgment and execution, with their impact on current and future profits subject to final court rulings and audit confirmation. The company emphasizes its commitment to safeguarding shareholder interests and fulfilling information disclosure obligations regarding the progress of these cases.