Hongbaoli announced that the company previously disclosed plans for the largest shareholder, Jiangsu Baoyuan Investment Management Co., Ltd., actual controller Mr. Rui Jinggong, director Mr. Kong Weilai, and senior manager Ms. Tao Meijuan. As of July 27, 2026, the holdings reduction plan expires. During this period, Baoyuan Investment reduced its holdings by a total of 9.252,600 shares through centralized bidding and bulk transactions, Rui Jinggong reduced its holdings by 475,000 shares, Kong Weilai reduced its holdings by 20,000 shares, and Tao Meijuan reduced its holdings by 309,500 shares. After this reduction in holdings, Baoyuan Investment's shareholding ratio fell from 19.44% to 18.18%, and it is still the company's largest shareholder.

Hongbaoli announced that the company previously disclosed plans for the largest shareholder, Jiangsu Baoyuan Investment Management Co., Ltd., actual controller Mr. Rui Jinggong, director Mr. Kong Weilai, and senior manager Ms. Tao Meijuan. As of July 27, 2026, the holdings reduction plan expires. During this period, Baoyuan Investment reduced its holdings by a total of 9.252,600 shares through centralized bidding and bulk transactions, Rui Jinggong reduced its holdings by 475,000 shares, Kong Weilai reduced its holdings by 20,000 shares, and Tao Meijuan reduced its holdings by 309,500 shares. After this reduction in holdings, Baoyuan Investment's shareholding ratio fell from 19.44% to 18.18%, and it is still the company's largest shareholder.