Important Content Reminder:
- The subjects of this equity change are shareholders holding more than 5% of Huanlejia Food Group Co., Ltd. (hereinafter referred to as "the Company"), namely Li Xing (hereinafter referred to as "the Transferor"), Zhu Wenzhan, Li Kangrong, and Guangdong Haoxing Investment Co., Ltd. (hereinafter referred to as "Haoxing Investment"). This equity change involves an inquiry transfer (including the inquiry transfer completed in December 2025 and this inquiry transfer). After this equity change, the proportion of shares held by the Transferor and its concerted actors in the total share capital of the Company decreased from 73.84% to 69.20%, crossing the 5% integer threshold.
- The Transferor is one of the actual controllers of the Company and currently serves as the chairman. This equity change will not lead to a change in the controlling shareholder or actual controller of the Company and will not have a significant impact on the Company's governance structure and ongoing operations.
- This inquiry transfer is a non-public transfer and will not be conducted through centralized bidding, thus not triggering a mandatory offer. The shares acquired through the inquiry transfer cannot be transferred within six months after acquisition.
- The total share capital of the Company is 437,473,475 shares, of which the Company holds 19,273,430 shares in its repurchase account. The number of shares transferred by the Transferor in this inquiry transfer is 10,936,836 shares, accounting for 2.50% of the total share capital of the Company and 2.62% of the total share capital excluding the repurchased shares. The inquiry transfer price is 17.34 CNY/share, with a transaction amount of 189,644,736.24 CNY.
- As of the date of this announcement, the inquiry transfer has been completed. Mr. Li Xing guarantees that the information provided to Huanlejia Food Group Co., Ltd. does not contain any false records, misleading statements, or significant omissions, and he bears legal responsibility for the truthfulness, accuracy, and completeness of the information. The Company and all members of the board guarantee that the announcement content is consistent with the information provided by the information discloser.
I. Transferor Information
(1) Basic Information of the Transferor
The Transferor entrusted CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities") to organize and implement this pre-IPO shareholder inquiry transfer (hereinafter referred to as "this inquiry transfer"). The planned number of shares for inquiry transfer is 10,936,836 shares, accounting for 2.50% of the total share capital of the Company. For specific details, please refer to the Company's announcements on March 3 and March 4, 2026, disclosed on the Giant Tide Information Network (www.cninfo.com.cn) titled "Shareholder Inquiry Transfer Plan" (Announcement No.: 2026-014), "CITIC Securities Co., Ltd. on the Qualification Review Opinion for Shareholders of Huanlejia Food Group Co., Ltd. to Transfer Shares to Specific Institutional Investors" and "Notice on Pricing of Shareholder Inquiry Transfer" (Announcement No.: 2026-015).
As of the date of this announcement, the inquiry transfer has been completed. The actual number of shares transferred by the Transferor is 10,936,836 shares, with an inquiry transfer price of 17.34 CNY/share, resulting in a transaction amount of 189,644,736.24 CNY.
(2) Explanation of the Transferor's Concerted Action Relationship
Mr. Li Xing, the Transferor, is one of the actual controllers of the Company and currently serves as the chairman. Mr. Li Xing is in concert with his spouse, Ms. Zhu Wenzhan, their son, Mr. Li Zihao, and his brother, Mr. Li Kangrong, as actual controllers of the Company. Ms. Zhu Wenzhan, Mr. Li Zihao, and Mr. Li Kangrong did not participate in this inquiry transfer.
(3) Specifics of the Transfer
The actual number of shares transferred is 10,936,836 shares. The situation of the inquiry transfer is as follows: