Global Top E-Commerce shareholder completes compulsory stock sale

Global Top E-Commerce announced the completion of the compulsory enforcement plan for shares held by shareholder Yang Jianxin and his concert party, Xinyu Ruijing Enterprise Management Services. The enforcement, stemming from a securities repurchase contract dispute, resulted in the passive disposal of 15,477,384 shares through concentrated bidding. This amount represents 1% of the company's total share capital, excluding shares in the company's dedicated repurchase account.

The shares were sold between October 23, 2025, and November 4, 2025. Yang Jianxin sold 15,462,886 shares at an average price of yuan 4.88 per share, accounting for 0.9991% of the total outstanding shares. Xinyu Ruijing Enterprise Management Services disposed of 14,498 shares at an average price of yuan 4.87 per share, representing 0.0009%.

Following the completion of this plan, Yang Jianxin is no longer a shareholder holding 5% or more of the company's shares. Prior to this enforcement, Yang Jianxin and his concert party collectively held 91,817,611 shares, or 5.93% of the company's total share capital. After the enforcement, their combined holdings are 76,340,227 shares, or 4.93%. The company clarified that this passive reduction does not affect its operations or alter the company's status regarding its controlling shareholder or actual controller.