Red Star Macalline major shareholders reduce holdings, triggering 1% threshold

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 reduced their collective holdings. Between December 17 and December 22, 2025, Taobao Holding and New Retail Fund sold a combined 22,096,481 H shares through centralized bidding, representing 0.51% of the company's total share capital.

Specifically, New Retail Fund sold 6,180,081 H shares (0.14% of total share capital), while Taobao Holding sold 15,916,400 H shares (0.37% of total share capital). Following these transactions, the total shares held by Hangzhou Haoyue and its concerted parties decreased from 277,434,306 shares to 255,337,825 shares.

This reduction lowers their combined ownership stake from 6.37% to 5.86%, triggering the 1% threshold notification. The company clarified that this change in equity will not alter the company's controlling shareholder or actual controller, nor will it impact the corporate governance structure or ongoing operations.