Fashion Nation Trend: Red Mansion Group to Reduce its Shareholding by no more than 2.11%

Lishangguochao Announcement: Shareholder Honglou Group plans to reduce its holdings by no more than 16.0764 million shares, or 2.11% of the total share capital, through centralized bidding and block trading within three months starting from July 16, 2025. Among them, the reduction through centralized bidding shall not exceed 7.6134 million shares, accounting for 1% of the total share capital; the reduction through block trading shall not exceed 8.463 million shares, accounting for 1.11% of the total share capital. The reduction price will be determined based on market prices, and the reason for the reduction is the company's own fund needs.