Freda announced that Shandong Commercial Group Co., Ltd., the controlling shareholder of the company, and Shandong SDIC signed a “Share Transfer Agreement” on August 6, 2026, to transfer 508.28,500 shares at 5.38 yuan/share. Recently, the company received a notice that the Shandong Provincial State-owned Assets Administration Commission has approved the non-disclosure agreement transfer. This change in equity is still subject to approval from the Shanghai Stock Exchange's compliance review and transfer procedures.

Freda announced that Shandong Commercial Group Co., Ltd., the controlling shareholder of the company, and Shandong SDIC signed a “Share Transfer Agreement” on August 6, 2026, to transfer 508.28,500 shares at 5.38 yuan/share. Recently, the company received a notice that the Shandong Provincial State-owned Assets Administration Commission has approved the non-disclosure agreement transfer. This change in equity is still subject to approval from the Shanghai Stock Exchange's compliance review and transfer procedures.