Zhejiang Supor finalizes equity transfer, making Wuhan Cookware wholly owned

Zhejiang Supor Co., Ltd. (Supor) announced the completion of its subsidiary equity transfer, first approved by the board on September 26, 2025. The transaction involved transferring a 75% equity interest in Wuhan Supor Cookware Co., Ltd. (Wuhan Cookware) from Supor's wholly-owned subsidiary, Wuhan Supor Pressure Cooker Co., Ltd., to Supor itself.

The transfer was executed based on the book net asset value of the equity as of August 31, 2025, totaling 38,682 million yuan. Following the completion of the industrial and commercial registration, Wuhan Cookware is now a direct, wholly-owned subsidiary of Zhejiang Supor. This internal restructuring aims to optimize the company's management architecture and enhance internal management efficiency.

Supor confirmed that the equity transfer will not alter the scope of the company's consolidated financial statements. Further details regarding the transaction were previously disclosed on September 27, 2025, in various financial publications and online platforms.