Sinnet controlling shareholder's stake reduced to 25%

Beijing Sinnet Technology (SZSE:300383) announced that the combined shareholding of its controlling shareholder, Zhoushan Baihuida Venture Capital Partnership (Limited Partnership), and its concerted actors has fallen to 25.00% from 26.00%. This change is due to Baihuida selling 17,975,900 shares between March 26, 2025, and April 30, 2025, through both centralized trading and block trades, representing 1.00% of the company's total share capital. Following the transaction, Baihuida and its concerted actors – Geng Guifang, Geng Yan, Guo Mingqiang, and Wang Lu – collectively hold 449,425,764 shares. The company confirms that this equity change will not result in a change in the controlling shareholder or actual controller and will not have a significant impact on corporate governance or ongoing operations. The share reduction aligns with a previously disclosed plan to sell no more than 53,927,700 shares.