Yankershop Food shareholders complete share reduction plan

Yankershop Food Company Limited reported that its major shareholder, Zhang Xuewen, along with vice general manager Li Hanming and cfo Yang Feng, have completed their previously announced share reduction plan. As of October 16, 2025, Zhang Xuewen's shareholding decreased from 15.38% to 13.38%, reflecting a reduction of 4,905,372 shares.

Zhang Xuewen executed the reduction through a combination of centralized bidding, selling 2,154,800 shares at an average price of 72.32 yuan per share, and block trading, selling 2,750,572 shares at an average price of 68.27 yuan per share. Li Hanming sold 70,875 shares at 70.15 yuan per share, and Yang Feng sold 26,200 shares at 71.00 yuan per share, both via centralized bidding. In total, the cumulative reduction by these shareholders was 5,552,647 shares, representing 2.04% of the company's total share capital.

The company confirmed that the share reduction adhered to all relevant laws and regulations, did not result in a change of company control, and had no significant impact on the company's governance or continuous operations.