Kingland Software's controlling shareholder's associate's shares judicially transferred

Beijing Kingland Software System Co. reported that 1,670,357 shares held by its controlling shareholder's concert party, Ningbo Kingland Shenghe Investment Management Partnership, were judicially transferred. This action by the Wuyi County People's Court in Zhejiang Province resolves a contract dispute between the partnership and Zhang Luo. The transfer was completed on December 22, 2025.

Following the transfer, the combined shareholding of controlling shareholder Wang Anjing and Ningbo Kingland Shenghe Investment Management Partnership decreased from 46,298,447 shares to 44,628,090 shares. This resulted in a reduction of their aggregate holding percentage from 9.68% to 9.33%. Despite this change, Kingland Software states that it will not alter the status of the controlling shareholder and will not materially impact the company's daily operations or decision-making.

The recipient of the judicially transferred shares is prohibited from selling these shares for six months following the transfer. Kingland Software also noted that, as of the announcement date, shares held by Wang Anjing and the partnership remain pledged and subject to judicial freezing, indicating potential risks of further judicial disposition.