Zhangzidao shareholder reduces stake, crossing 1% disclosure threshold

Beijing Jirong Yuantong Asset Management Co., Ltd. - Hedaobao No. 1 Investment Fund, a major shareholder in Zhangzidao Group Co., Ltd., has reduced its holdings, leading to a change in its equity interest that crossed the 1% threshold. Between August 29, 2025, and September 2, 2025, the fund cumulatively sold 390,800 A-shares through centralized bidding, representing 0.0550% of the company's total share capital.

Following this transaction, Hedaobao No. 1 Investment Fund's total shareholding in Zhangzidao Group decreased from 8.0385% to 7.9835% of total share capital. The fund had previously announced on June 6, 2025, a plan to reduce its stake by up to 1% through centralized bidding within three months.

The company confirmed that this equity change does not involve a change in the controlling shareholder and will not impact the company's governance structure or ongoing operations.