Oriental Ocean major shareholder reduces stake to 5%

Shenzhen Qianhai Guoyuan Private Equity Fund, a major shareholder of Shandong Oriental Ocean Sci-Tech, has reduced its stake from 10.00% to 5.00% through a series of transactions between August 18 and December 24, 2025. This move aligns with a previously disclosed plan to divest shares, aiming to manage fund redemptions. The fund sold a total of 97,900,000 shares, bringing its total holdings to 97,995,727 shares.

The divestment involved both centralized bidding and block trading methods. Cumulative sales included 39,061,000 shares via centralized bidding for CNY 104,230,961 (average CNY 2.668 per share) and 58,839,000 shares via block trading for CNY 148,349,880 (average CNY 2.52 per share). All transactions were conducted within the framework of previously announced reduction plans.

The fund's equity changes, triggered by investor redemption requests, have not resulted in a change of control over Shandong Oriental Ocean Sci-Tech, nor are they expected to significantly impact the company's operations. The remaining shares held by Shenzhen Qianhai Guoyuan Private Equity Fund are unrestricted and unencumbered.