Guangbo: Ren Hangzhong's shareholding ratio has decreased to 9.99999%

Guangbo announced that the company's shareholder Ren Hangzhong reduced his shareholding due to personal funding needs, with the shareholding ratio decreasing from 10.29280% to 9.99999%. This reduction was conducted through block trading, with the reduction period set for June 30, 2025, and the number of shares reduced being 1.5644 million, accounting for 0.29281% of the total share capital. After the change in equity, Ren Hangzhong holds 53.4272 million shares of the company. This reduction does not trigger a mandatory bid and will not lead to changes in the company's controlling shareholder or actual controller