Announcement Document
Securities Code: 000989 Securities Abbreviation: Jiu Zhi Tang Announcement No.: 2026-050
Jiu Zhi Tang Co., Ltd.
Announcement on the Expiration of the Shareholding Reduction Plan of Shareholders Holding More Than 5% of Shares and the Implementation Results
Shareholder Li Zhenguo guarantees that the information provided to the company is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
The company and all members of the board of directors guarantee that the content of the announcement is consistent with the information provided by the information disclosure obligor.
Jiu Zhi Tang Co., Ltd. (hereinafter referred to as "the Company" or "Jiu Zhi Tang") disclosed the "Pre-Disclosure Announcement on the Shareholding Reduction Plan of Shareholders Holding More Than 5% of Shares" (Announcement No.: 2026-001) on January 16, 2026. The Company’s shareholder holding more than 5%, Vice Chairman and General Manager Li Zhenguo (holding 161,898,371 shares, accounting for 18.91% of the Company’s total share capital, and 19.13% of the total share capital after excluding shares in the repurchase special account) planned to reduce his holdings of the Company’s shares by no more than 16,925,600 shares, or no more than 2% of the total share capital after excluding shares in the repurchase special account, within three months after 15 trading days from the date of the announcement.
On February 11, 2026, the Company disclosed the "Announcement on the Shareholding Reduction Exceeding 1% by Shareholders Holding More Than 5% of Shares" (Announcement No.: 2026-003), stating that Li Zhenguo reduced his holdings of the Company’s shares by 8,620,000 shares through block trading on February 9, 2026, accounting for 1.02% of the total share capital after excluding shares in the repurchase special account. Li Zhenguo's shareholding decreased from 161,898,371 shares to 153,278,371 shares, with the shareholding ratio (calculated based on the total share capital after excluding shares in the repurchase special account) dropping from 19.13% to 18.11%.