SF Holdings announced that due to the cancellation of the first A-share repurchase in 2025, the total share capital was reduced from 5.265 billion shares to 5.105 billion shares. The number of shares held by the controlling shareholder Mingde Holdings and its co-actor Shenzhen Weishun remained unchanged. The total shareholding ratio increased passively from 46.76% to 48.22%, with a cumulative passive increase of 1.47 percentage points. Among them, the shareholding ratio of Mingde Holdings increased from 44.86% to 46.27%, and the shareholding ratio of Shenzhen Weishun increased from 1.90% to 1.96%. This change in equity will not lead to a change in the company's control and will not affect corporate governance and continuous operation.

SF Holdings announced that due to the cancellation of the first A-share repurchase in 2025, the total share capital was reduced from 5.265 billion shares to 5.105 billion shares. The number of shares held by the controlling shareholder Mingde Holdings and its co-actor Shenzhen Weishun remained unchanged. The total shareholding ratio increased passively from 46.76% to 48.22%, with a cumulative passive increase of 1.47 percentage points. Among them, the shareholding ratio of Mingde Holdings increased from 44.86% to 46.27%, and the shareholding ratio of Shenzhen Weishun increased from 1.90% to 1.96%. This change in equity will not lead to a change in the company's control and will not affect corporate governance and continuous operation.