More relaxed: controlling shareholder intends to inquire about transferring 2.97% of shares.

Baise Relaxation announced that the controlling shareholder, actual controller and chairman, and general manager Ma Xuejun plans to transfer shares through inquiry. As of November 14, 2025, Ma Xuejun directly holds 34,787,860 shares, accounting for 40.48% of the total share capital. This proposed transfer of 2,552,579 shares accounts for 2.97% of the total share capital and 7.34% of his direct holdings, with the reason for the transfer being the need for personal funds. The lower limit of the inquiry transfer price shall not be lower than 70% of the average stock trading price of the previous 20 trading days before November 14. The transferee is an institutional investor. This transfer does not result in a change in control of the company, but there are risks including judicial freezing of shares and changes in market conditions that may affect the implementation.