Red Star Macalline sees major shareholders cut stakes

Red Star Macalline Group Corp Ltd announced that major shareholders, Taobao China Holding Limited and New Retail Strategic Opportunities Investments 4 Limited, collectively reduced their H-share holdings, triggering a 1% equity change threshold. Between December 10 and December 11, 2025, the two entities offloaded 30,616,000 H-shares through centralized bidding, representing 0.70% of the company's total share capital.

Following these transactions, the combined stake of Hangzhou Haoyue Enterprise Management Co., Ltd. and its persons acting in concert decreased from 8.98% to 7.33%, a drop of 1.65 percentage points.

This equity change will not alter the company's controlling shareholder or actual controller, nor is it expected to significantly impact the company's governance structure or ongoing operations. There is no mandatory tender offer obligation triggered by these transactions.