Zhefu Holding Group completes internal share transfer, no market impact

Zhefu Holding Group's controlling shareholder, Mr. Sun Yi, has completed the internal transfer of 20,287,759 shares from "Pingyang Huili Investment Management Co., Ltd. - Zhefu Holding Special Private Securities Investment Fund" ("Zhefu Special Fund"). This transfer, conducted via block trade on November 27, 2025, at CNY 4.00 per share, represents 0.39% of the company's total share capital. The Zhefu Special Fund will now be deregistered and will no longer be considered a person acting in concert with Mr. Sun Yi.

Following the transfer, Mr. Sun Yi's direct shareholding increased from 424,015,664 shares (8.12%) to 444,303,423 shares (8.51%). The holdings of Tonglu Yuantong Industrial Co., Ltd. remained unchanged at 1,312,089,939 shares (25.14%). Overall, the combined shareholding of the controlling shareholder and persons acting in concert remains at 1,756,393,362 shares, representing 33.65% of the total share capital.

This internal restructuring does not alter the combined ownership percentage or total number of shares held by the controlling shareholder and its persons acting in concert, nor does it involve any market-reducing sales. Consequently, the company's actual control will not change. The transferred shares were not pledged, used as collateral for margin trading, or subject to disposal due to default or court orders.