Guorui Life (00108) responds to the high concentration of shares, saying that the public's shareholding is not less than 25%

Zhitong Finance App News, Guorui Life (00108) issued an announcement. The company learned that the Securities and Futures Commission (Securities Regulatory Commission) issued an announcement on December 22, 2025. As disclosed in the CSRC announcement, the Securities Regulatory Commission recently investigated the company's share distribution. According to the investigation results of the Securities Regulatory Commission, on December 9, 2025, ten shareholders and related persons held a total of 548 million shares, equivalent to 17.02% of the issued shares, and 430 million shares (13.36% of the issued shares) were held by shareholders who directly or indirectly obtained shares from Gangrui International Investment (Hong Kong) Limited through OTC transactions. The relevant shares, together with the 1,953 million shares (60.66% of the issued shares) held by the two major shareholders of the company or regarded as holding interests, are equivalent to 91.04% of the issued shares. As a result, only 288.6 million shares (8.96% of the issued shares) were held by other shareholders.

In response to the announcement of the Securities Regulatory Commission, the directors hereby provide the following additional information: 1. With regard to what the directors know, know and believe after making all reasonable inquiries, the ten shareholders holding a total of 548 million shares (17.02% of the issued shares) and their respective related persons are all independent third parties and are not related persons of the company and its related persons (including Mr. Wei and Mr. Sun). 2. The Company is aware that on October 27, 2025, Gangrui International Investment (Hong Kong) Limited entered into a placement agreement with an independent placement agent to place 430 million shares (13.36% of the issued shares). When the placement was completed on November 14, 2025, a total of 21 undertakers subscribed to the placement shares. As far as the directors have made all reasonable inquiries, the 21 undertakers were independent third parties and were not related persons of the company and its related persons (including Mr Wei and Mr Sun) at the date of completion of the placement.

According to available information and as known by directors after making all reasonable inquiries, the company confirmed that on December 9, 2025 and the date of this announcement, no less than 25% of the company's issued shares were held by the public, and that the company was able to comply with the public shareholding requirements stipulated in the Stock Exchange's securities listing rules.