Readers Culture announced that Huanan, the controlling shareholder, actual controller, shareholder holding 5% or more of the shares, chairman and editor-in-chief, plans to transfer 12.00% of the company's total share capital through an inquiry and transfer, due to its own capital requirements. This transfer did not go through centralized bidding or bulk transactions, and was not a reduction in holdings in the secondary market. The lower limit of the transfer price was not less than 70% of the average stock trading price for 20 trading days before October 9, 2026. The transferee is an institutional investor. The transferred shares cannot be transferred within 6 months and will not result in a change in the company's control.

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