Global Top E-Commerce major shareholder reduces stake below 5%

Yang Jianxin, a major shareholder of Global Top E-Commerce, along with his concerted party, Xinyu Ruijing Enterprise Management Services Co., Ltd., has reduced their combined holdings in the company from 5.89% to 4.96694% of the total share capital. This reduction, amounting to 14,430,584 shares, was a result of a mandatory execution of shares through competitive bidding, as previously disclosed on September 24, 2025.

The mandatory share execution occurred between October 23 and October 30, 2025. Yang Jianxin sold 14,416,580 shares, representing 0.9253% of the total share capital, while Xinyu Ruijing sold 14,004 shares, representing 0.0009%. This transaction means Yang Jianxin and Xinyu Ruijing are no longer 5% or more shareholders.

Global Top E-Commerce confirmed that this change will not affect the company's control, as it currently has no controlling shareholder or actual controller. The company's governance structure and continuous operations are not expected to be impacted.