Huayuan International Land Port Group reduces Phoenix Shipping stake below 5%

Phoenix Shipping announced that Huayuan International Land Port Group has reduced its shareholding from 5.916429% to 4.999993% of the company's total share capital. This reduction of 9,275,100 shares was executed through centralized bidding between November 11, 2025, and December 19, 2025, at an average price of CNY 5.05 per share.

Following this transaction, Huayuan International Land Port Group now holds 50,604,104 shares and is no longer a shareholder with a stake of 5% or more. The company previously disclosed its intention to reduce its stake by up to 30,362,400 shares through a pre-disclosure announcement on September 12, 2025.

The company clarified that this equity change is a reduction in shares and does not trigger a tender offer. It also confirmed that the change does not involve the company's controlling shareholder or actual controller, thus ensuring no alteration in the company's control or impact on its governance and ongoing operations.