S.F. Holding (06936) controlling shareholder Mingde Holdings has transferred its holdings of 200 million A shares to the securities account of the employee stock ownership plan (A shares).

S.F. Holding (06936) announced that in order to achieve the company's vision and long-term goals, the company has adopted an employee shareholding plan (A shares). The source of the employee shareholding plan (A shares) stocks is voluntary donations from the company's controlling shareholder Mingde Holding, with a total of no more than 200 million A shares, accounting for approximately 4% of the total number of shares issued by the company. In order to actively promote the implementation of the employee shareholding plan (A shares), Mingde Holding transferred its 200 million A shares to the employee shareholding plan (A shares) securities account on September 17, 2025. As of the date of this announcement, the securities account of the employee shareholding plan (A shares) holds a total of 200 million A shares.