Hithink Royalflush shareholder Kaishun completes stake reduction

Hangzhou Kaishun Technology Co., Ltd. ("Kaishun"), a shareholder holding over 5% of Hithink Royalflush Information Network Co., Ltd., has completed its share reduction plan. The company announced on September 6, 2025, that Kaishun intended to reduce its holdings by up to 699,100 shares, representing 0.13% of the total share capital.

The reduction was executed via centralized competitive bidding on September 29, 2025, with shares sold at prices ranging from 357.21 to 361.14, averaging 359.50. This transaction fully utilized the planned reduction volume.

Prior to the reduction, Kaishun held 48,193,829 shares, accounting for 8.96% of Hithink Royalflush's total share capital. Following the completion of the plan, Kaishun's total holdings now stand at 47,494,729 shares, reducing its stake to 8.83%. The company confirmed that this reduction complies with relevant securities regulations and will not impact the company's governance or lead to a change in control.