Legend Holdings completes significant Lakala Payment share reduction

Lakala Payment announced today the completion of a share reduction plan by its shareholder, Legend Holdings. The plan, initially disclosed on July 1, 2025, involved the sale of Lakala Payment shares through both centralized bidding and block trades.

Legend Holdings sold 7,880,800 shares via centralized bidding, representing 1.00% of Lakala Payment's total share capital after excluding repurchased shares, at an average price of 27.88 yuan per share. Additionally, 15,761,600 shares, or 2.00% of the total share capital, were sold through block trades at an average price of 20.63 yuan per share. The total shares divested amounted to 23,642,154 shares, corresponding to 3.00% of the company's capital.

Following the completion of this plan, Legend Holdings' ownership in Lakala Payment has decreased from 20,913.4665 million shares (26.54% of total share capital) to 18,549.2511 million shares (23.54% of total share capital). The company confirmed that the share reduction was executed in accordance with all relevant laws and regulations, and within the scope of previously disclosed plans.