New Hope Dairy's controlling shareholder does not execute share reduction plan

New Hope Dairy Co., Ltd. announced today that its controlling shareholder, Universal Dairy Limited (UDL), did not reduce its shareholding during the previously disclosed reduction plan period. The plan, which ran from July 21, 2025, to October 20, 2025, permitted UDL to divest up to 25,820,305 shares, or 3% of the company's total share capital, through centralized bidding or block trades.

Despite the authorization, UDL confirmed on October 21, 2025, that it had not sold any shares. As a result, UDL's shareholding percentage and total number of shares in New Hope Dairy remain unchanged. The shares held by UDL originated from the company's initial public offering.

The company stated that UDL's decision not to execute the plan adheres to all relevant laws, regulations, and prior commitments made at the time of the company's IPO, including promises regarding share lock-up periods and price conditions for any future reductions.