Binjiang real estate group's major shareholder reduces stake

Hangzhou Binjiang Real Estate Group announced its controlling shareholder, Hangzhou Binjiang Investment Holding Co., Ltd., and its concerted parties have further reduced their stake in the company. Between December 17 and December 23, 2025, Yuanxiang Hongli Funds 72, 73, and 74 collectively sold 14,447,000 shares through concentrated bidding and block trades, representing 0.464% of the total share capital.

Following this latest shareholding change, the combined ownership of the controlling shareholder and its concerted parties decreased from 61.32% to 60.86%. This movement, which triggered a 1% integer multiple threshold for shareholding changes, is consistent with the previously disclosed reduction plan on November 15, 2025, and falls within the planned reduction quantity.

Specifically, Yuanxiang Hongli 72 sold 3,000,000 shares, Yuanxiang Hongli 73 sold 3,000,000 shares via concentrated bidding and an additional 1,513,000 shares through block trades, and Yuanxiang Hongli 74 sold 6,934,000 shares, bringing the total reduction to 14,447,000 shares. The overall reduction from the initial disclosed plan on November 15, 2025, represented a change of 1% or more in the total shareholding.