Hualian Department Store's major shareholder unpledges significant stock volume

Beijing Hualian Department Store announced today that its controlling shareholder, Beijing Hualian Group Investment Holding Co., Ltd. ("Hualian Group"), has unpledged a portion of its shares. A total of 13,710,000 shares were released from pledge on November 21, 2025, with the original pledge date being December 7, 2023. This represents 17.77% of Hualian Group's total shareholding and 5.01% of the company's total share capital. The pledge was held by the Beijing Branch of China Everbright Bank Co., Ltd.

Following this transaction, Hualian Group's total pledged shares now stand at 18,000,000 shares. This accounts for 23.33% of Hualian Group's total holdings and 6.58% of Beijing Hualian Department Store's total share capital. All currently pledged shares are not subject to any restrictions or freezes, nor are any unpledged shares.

As of the disclosure date, Hualian Group holds 77,160,943.7 shares, representing 28.19% of the company's total share capital. The reduction in pledged shares may indicate a strengthened financial position for the controlling shareholder.