Ninestar deputy general manager to sell shares

Ninestar Corporation announced that its deputy general manager, Zhang Jianzhou, plans to sell a portion of his shares. Mr. Zhang currently holds 1,011,400 shares, representing 0.07% of the company's total share capital. The planned reduction aims to sell no more than 252,850 shares, which equates to 0.02% of the company's total share capital.

The share sale will occur through centralized bidding or block trading methods. The selling period is scheduled for three months, commencing 15 trading days after the announcement's disclosure date, specifically from October 29, 2025, to January 28, 2026. The exact selling price will be determined based on market conditions at the time of the transaction.

Mr. Zhang's shares are derived from equity incentives. The company emphasized that this transaction will not impact its governance structure, equity structure, or ongoing operations, as Mr. Zhang is not a controlling shareholder or de facto controller.