Freda announced that Shandong Commercial Group Co., Ltd., the controlling shareholder of the company, and Shandong SDIC signed a “Share Transfer Agreement” on August 6, 2026, to transfer 508.28,500 shares at 5.38 yuan/share. Recently, the company received a notice that the Shandong Provincial State-owned Assets Administration Commission has approved the non-disclosure agreement transfer. This change in equity is still subject to approval from the Shanghai Stock Exchange's compliance review and transfer procedures.

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