HAIDILAO (06862) controlling shareholder SP NP Ltd. plans to reduce its holdings by 259 million shares.

HAIDILAO (06862) announced that the company's board of directors was informed by SP NP Ltd., a member of the controlling shareholder group (as of the date of this announcement, the controlling shareholder group consists of Mr. Zhang Yong, Ms. Shu Ping, ZY NP Ltd. and SP NP Ltd. (the controlling shareholders)), that it will sell 259 million shares of the company (the shares) at a price of HKD 10.62 per share through a block trade on September 8, 2026 (the sale), representing approximately 4.65% of the total issued shares as of the date of this announcement. As known to the board of directors, SP NP Ltd. is wholly owned by UBS Trustees (B.V.I.) Limited in its capacity as trustee of the Rose Trust, through UBS Nominees Limited (acting as a nominee for Rose Trust). The Rose Trust is a discretionary trust established by Ms. Shu Ping for the benefit of herself, Mr. Zhang Yong, and his family. The board has been informed by SP NP Ltd. that the sale is made purely for its own funding needs and financial arrangements, constituting a private matter at the shareholder level. It has no relation to the business, operations, financial condition, or development prospects of the Group. The sale does not involve the issuance of any new shares by the company and will not cause any dilution of shareholders' interests. Upon completion of the sale, the controlling shareholders will own rights in a total of 2,535,384,370 issued shares, accounting for approximately 45.49% of the total issued shares. Following the completion of the sale and as of the date of this announcement, the controlling shareholders will have the right to control approximately 45.49% of the voting rights at the company's shareholder meetings. As it exceeds 30%, the controlling shareholders will continue to be the controlling shareholders of the company, and the control and management of the company will remain unchanged. SP NP Ltd. has confirmed to the company that the controlling shareholders retain full confidence in the Group's business prospects, growth potential, and long-term value, and will continue to support the Group's long-term development as always. The board emphasizes that the Group's current business operations and financial condition are stable, and all business activities are proceeding steadily according to established strategies. The board believes that the sale will not have any adverse impact on the Group's business, operations, financial condition, management stability, or corporate governance.