Bairun Investment Holding: Controlling shareholder transfers stake to Liu Jianguo

Shanghai Bairun Investment Holding Group announced the completion of an agreement to transfer 63,000,000 unrestricted circulating shares from its controlling shareholder, Liu Xiaodong, to Liu Jianguo. This transaction, representing 6.01% of the company's total share capital, was finalized with the shares officially registered on October 16, 2025. The transfer price was RMB 1.47 bn, equating to RMB 23.337 per share.

Following the transfer, Liu Jianguo now holds 63,000,000 shares, making him a shareholder with over 5% of the company's stock. Liu Xiaodong's direct holding has decreased to 362,588,502 shares, representing 34.58% of the total share capital. Despite the change, Liu Xiaodong remains the controlling shareholder and actual controller of Bairun Investment Holding, ensuring no change in company control.

Liu Jianguo has committed not to reduce his newly acquired shares for twelve months following the transfer's completion. The company confirmed that this equity change does not involve a tender offer or related-party transaction.