Milkground director keeps shares as reduction plan expires

Shanghai Milkground Food Tech Co., Ltd. announced that its vice chairman and general manager, Ms. Chai Xiu, a shareholder holding over 5% of the company's shares, has completed her share reduction plan without selling any shares. The plan, which ran from September 19, 2025, to December 18, 2025, aimed to potentially reduce up to 10,000,000 shares through block trading. However, Ms. Chai Xiu did not execute any sales during this period due to market conditions and other factors.

Prior to the plan, Ms. Chai Xiu directly held 76,103,632 shares, representing 14.92% of the company's total shares. Her concerted party, Jilin East Show Trading Co., Ltd., held an additional 5,280,000 shares (1.04%), bringing their combined total to 81,383,632 shares, or 15.96%. The initial plan did not set a minimum reduction quantity.

The company confirmed that the outcome of the reduction plan is consistent with the previously disclosed plan and commitments, and no laws or regulations were violated. As a result, Ms. Chai Xiu's total shareholding in Shanghai Milkground Food Tech remains unchanged.