Red Star Macalline major shareholders reduce equity stakes

Red Star Macalline Group Corp Ltd. announced that its major shareholders, Hangzhou Haoyue Enterprise Management Co., Ltd. and its concerted parties, Taobao China Holding Limited and New Retail Strategic Opportunities Investments 4 Limited, have seen a change in their combined equity. Taobao China Holding Limited and New Retail Strategic Opportunities Investments 4 Limited collectively reduced their holdings by 41,646,600 H shares through centralized bidding between December 12 and December 16, 2025. This represents 0.96% of the company's current total share capital.

Following this reduction, the total shareholding of Hangzhou Haoyue Enterprise Management Co., Ltd. and its concerted parties decreased from 319,080,906 shares to 277,434,306 shares. This marks a decrease in their combined equity ratio from 7.33% to 6.37%, triggering a 1% integer multiple change in equity.

The company noted that this equity change will not alter the controlling shareholder or actual controller of the company, nor will it significantly impact the company's governance structure or ongoing operations. Hangzhou Haoyue Enterprise Management Co., Ltd. has a separate share reduction plan, but has not yet commenced its implementation as of the announcement date.