Shanghai Kaibao: Inquiry for Transfer of 1% Equity of Shanghai Yizhong, Decreasing Shareholding to 10.95%

Shanghai Yizhong announced on July 23 that its shareholder Shanghai Kaibao, holding more than 5% of the company's shares, reduced its holdings by 2,067,037 shares through inquiry transfer at a price of 53.98 yuan per share. After this reduction, Shanghai Kaibao's shareholding ratio decreased from 11.95% to 10.95%, with the equity change reaching a multiple of 1%. The company's controlling shareholder and actual controller did not participate in this transfer, and the reduction will not result in a change of control. This inquiry transfer was conducted by sending subscription invitations to 163 institutional investors, and ultimately 8 institutions were allocated shares, including Guohai Securities and Caitong Fund, with a lock-up period of 6 months. Guotai Junan Securities confirmed that the transfer process complied with the requirements of the "Regulatory Guidelines for Self-Discipline of Listed Companies on the Sci-Tech Innovation Board".