ST Berry announced that the 29,469,150 shares of the company's largest shareholder, Dongxizang Xinhai New Venture Capital Co., Ltd., which were judicially auctioned, completed the transfer on July 8, 2026. The transferee was Shi Tao, a management consulting partnership in Shanghai. After this change in equity, Xinhaixin's shareholding fell to 28,557,200 shares, accounting for 5.82% of the total share capital. The freeze relating to the relevant shares has been lifted. Xinhaixin's remaining freezed/marked shares account for 100% of its holdings and total share capital. The transferee must not reduce its holdings of this portion of the shares within 6 months. This change does not touch on the tender offer.

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