Net263 controlling shareholder reduces stake, crosses 1% threshold

Net263's controlling shareholder, Li Xiaolong, cumulatively reduced his stake by 11,450,000 shares (0.833% of the total share capital) through centralized bidding between December 8 and December 25, 2025. This transaction brought his total holding from 189,471,241 shares (13.78%) down to 178,021,241 shares (12.94%), crossing a 1% integer multiple threshold for equity changes.

The share reduction aligns with Li Xiaolong's previously announced plan on November 15, 2025, to sell up to 13,753,718 shares (1% of the total share capital) via centralized bidding within a three-month period ending March 5, 2026. This activity is attributed to Li Xiaolong's personal capital needs.

Net263 confirmed that this equity change will not result in a shift of company control, nor will it impact the company's governance structure or ongoing operations. Li Xiaolong is reported to have strictly adhered to his commitments and previous disclosures, with the current share reduction remaining within the announced plan.