Sun Cable: Yili Group reduces 1% stake, reduction plan expires

Sun Cable announced that the reduction plan period of Fujian Yili Group Co., Ltd., a shareholder holding more than 5% of the company, has expired. From July 6 to September 30, 2026, it cumulatively reduced 7.2233 million shares of the company through centralized bidding, accounting for 1% of the company's total share capital, at an average reduction price of RMB 8.1 per share, with the reduction price range being RMB 7.63 per share to RMB 8.67 per share. Before this reduction, Yili Group's shareholding ratio was 10.40%, and after the reduction, its shareholding ratio was 9.40%. This reduction will not cause changes to the company's controlling shareholder and actual controller.