Major Global Top E-Commerce shareholder faces forced share sale

Global Top E-Commerce Co., Ltd. announced that its major shareholder, Mr. Yang Jianxin, and his affiliated entity, Xinyu Ruijing Enterprise Management Services Co., Ltd., will have a portion of their shares forcibly executed. This action stems from a securities repurchase contract dispute. The total number of shares subject to forced execution will not exceed 15,477,425 shares, representing 1% of the company's total share capital (excluding shares in the company's dedicated repurchase account).

The forced sale will occur via centralized bidding, starting 15 trading days after the announcement date and lasting for three months. The total number of shares reduced through centralized bidding within any continuous 90-day period will not exceed 1% of the company's total share capital. As of September 23, 2025, Mr. Yang Jianxin and Xinyu Ruijing collectively hold 94,817,611 shares, accounting for 6.09% of the total share capital.

The shares originate from initial public offerings. The company emphasizes that this forced execution will not result in a change of control and its current business operations remain normal. Investors are advised to be aware of the investment risks associated with this development.