Wanda Film shareholder completes share reduction plan

Wanda Film Holding Co. announced today that its significant shareholder, Xinbaxian Rongzhi Xingye Management Consulting Partnership, has completed its previously disclosed share reduction plan. Between September 1 and September 23, 2025, Xinbaxian Rongzhi reduced its holding by 42,235,574 shares, representing 2.0000% of Wanda Film's total share capital.

The reduction was executed through a combination of centralized bidding and block trades. The centralized bidding portion, occurring from September 1 to September 15, 2025, involved 12,193,950 shares at an average price of CNY 12.04 per share. The block trades, from September 15 to September 23, 2025, accounted for 30,041,624 shares at an average price of CNY 11.97 per share.

Following the completion of this plan, Xinbaxian Rongzhi's direct holdings in Wanda Film now stand at 49,258,294 shares, or 2.3325% of the total share capital. Including shares held by parties acting in concert, their combined stake is 64,316,141 shares, which is 3.0456% of the company's total share capital. Wanda Film confirmed that this share reduction will not alter the company's control or negatively impact its governance structure or ongoing operations.