Zhejiang Shibao (01057) controlling shareholder Shibao Holding reduced its stake in the company by 1.5%.

The Zhitong Financial APP report, Zhejiang Shibao (01057) announced that the company recently received a notice letter from the controlling shareholder Shibao Holdings, stating that on September 22, 2025 and September 23, 2025, Shibao Holdings reduced its A shares of the company by 12,360,747 shares through block trading, accounting for 1.50% of the total share capital of the company. After this equity change, Shibao Holdings and its concerted parties hold a total of 301,141,431 A shares of the company, with the proportion of the total share capital of the company changing from 38.11% to 36.61%, and the change in shareholding percentage touching integer multiples of 1% (38%, 37%).