Sanjiang Shopping: Shareholder Alibaba Zetai plans to reduce holdings by no more than 2%

Sanjiang Shopping Announcement: the second largest shareholder, Hangzhou Alibaba ZeTai Information Technology Co., Ltd., holds 148 million shares, accounting for 27.00%. It plans to reduce its holdings by a total of no more than 10.9536 million shares, accounting for 2% of the company’s total share capital, from April 24, 2026 to July 23, 2026 due to its own business arrangements, through centralized bidding and block trades. Of this amount, no more than 5.4768 million shares will be reduced through centralized bidding, accounting for 1%, and no more than 5.4768 million shares will be reduced through block trades, accounting for 1%. The reduction price will be determined based on the market price at the time of implementation.

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