Zhejiang Shibao (01057) Holdings, the controlling shareholder of Shibao Holdings, has successfully implemented the reduction plan and has reduced its shareholding by 1% in total.

The Zhijiao Financial APP reported that Zhejiang Shibao (01057) announced that on July 10, 2025, the controlling shareholder Shibao Holdings will reduce its A-share holdings of the company by 3.2617 million shares through centralized bidding, accounting for 0.40% of the total share capital of the company.