Zhangzidao shareholder plans to reduce holdings up to 1%

Zhangzidao Group (SZSE:002069) announced that shareholder Beijing Jirong Yuantong Asset Management - Heydao No. 1 Securities Investment Fund intends to reduce its holdings by no more than 7,111,000 shares, representing up to 1% of the company's total share capital. The sale will occur via centralized bidding within a three-month period, starting 15 trading days after the announcement date, between June 27, 2025, and September 26, 2025. As of the disclosure date, the Heydao No. 1 Fund holds 57,162,685 shares, accounting for 8.04% of Zhangzidao's total share capital. The fund acquired these shares through a private agreement with the company's former controlling shareholder in September 2016. The fund cited its investors’ personal financial needs as the reason for the reduction. The company will supervise the shareholder's compliance with relevant laws and regulations and fulfill its information disclosure obligations.