Shangda Co., Ltd. announced that China Investment Mining Investment Co., Ltd., a shareholder holding 5% or more of the shares, originally planned to reduce its holdings by no more than 3.5 million shares within three months through centralized bidding, accounting for 0.94% of the company's total share capital; from December 25, 2025 to December 26, 2025, it has reduced its holdings by 3 million shares, accounting for 0.81%, and the shareholding ratio has dropped from 13.45% to 12.64%, touching an integer multiple of 1%.

Shangda Co., Ltd. announced that China Investment Mining Investment Co., Ltd., a shareholder holding 5% or more of the shares, originally planned to reduce its holdings by no more than 3.5 million shares within three months through centralized bidding, accounting for 0.94% of the company's total share capital; from December 25, 2025 to December 26, 2025, it has reduced its holdings by 3 million shares, accounting for 0.81%, and the shareholding ratio has dropped from 13.45% to 12.64%, touching an integer multiple of 1%.