Bairun Holdings' controlling shareholder transfers stake to new investor

Shanghai Bairun Investment Holding Group Co., Ltd. announced that its controlling shareholder, Liu Xiaodong, will transfer 63,000,000 unrestricted shares, representing 6.01% of the company’s total share capital, to Liu Jianguo. The transfer, executed via a share transfer agreement on September 9, 2025, is valued at 1,470,231,000.00 yuan, or 23.337 yuan per share, a 10% discount from the closing price on the day prior to the agreement.

Following the transfer, Liu Jianguo will hold 63,000,000 shares, becoming a shareholder with more than 5% equity. Liu Xiaodong’s stake will decrease from 40.59% to 34.58%, but he will remain the controlling shareholder. Liu Jianguo has committed to not reduce his acquired shares for 12 months after the transfer's completion, and the transaction is pending compliance confirmation from the Shenzhen Stock Exchange and registration.

This equity change aims to enrich the company’s shareholder structure and introduce resources to promote its development. Both parties confirmed no associated relationships, and the transfer complies with relevant regulations.