Wanma announces completion of controlling shareholder equity transfer

Zhejiang Wanma announced that the equity transfer involving its controlling shareholder has been completed. This transfer, previously disclosed on July 4, 2025, involves Qingdao West Coast New Area Ocean Holding Group (海控集团) transferring its 100% stake in Qingdao Haikong Investment Holding (海控投控), the company's controlling shareholder, to Qingdao Dongjiakou Development Group (董发集团), a wholly-owned subsidiary of Ocean Holding Group. The company received a notification on July 4, 2025, confirming that the necessary industrial and commercial registration changes had been finalized.