According to Ligao Foods's announcement, Bai Baokun, the shareholder holding more than 5% of the company's shares, reduced its holdings by 1,925,800 shares through centralized bidding and bulk transactions between September 22 and September 29, 2026, accounting for 1.14% of the company's total share capital. After this holdings reduction, Bai Baokun held 11.5797 million shares of the company, and the shareholding ratio dropped from 7.98% to 6.84%, hitting an integer multiple of 1%. This holdings reduction is in line with the previously disclosed holdings reduction plan. Currently, the holdings reduction plan has not been completed. Bai Baokun is not the controlling shareholder or actual controller of the company. This reduction in holdings will not result in a change in the company's control.

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