Maiquer Group shareholder cuts stake, triggering disclosure threshold

Changji Prefecture State-owned Assets Investment and Management Group, a major shareholder in Maiquer Group, has reduced its stake by 1,069,300 shares through centralized bidding between November 6, 2025, and November 11, 2025. This reduction represents 0.6140% of Maiquer Group's total share capital.

Following this transaction, Changji Prefecture State-owned Assets Investment now holds 13,086,669 shares, decreasing its ownership from 8.1291% to 7.5151%. This change in shareholding has triggered the 1% disclosure threshold.

The share reduction is part of a previously disclosed plan, where Changji Prefecture State-owned Assets Investment intended to reduce its holdings by up to 3,480,000 shares, with a maximum of 1,740,000 shares via centralized bidding. The current reduction falls within the scope of this pre-disclosed plan, which has not yet been fully implemented.