Ligao Foods announced that Bai Baokun, the shareholder and director holding more than 5% of the company's shares, has already been implemented to reduce the holdings. From July 21 to October 12, 2026, Bai Baokun reduced his holdings of the company's shares by 3.40 million shares through centralized bidding and bulk transactions, accounting for 2.01% of the company's total share capital and 2.04% of the total share capital after excluding repurchases of shares. The average price range of reduced holdings was 23.47 yuan/share - 26.02 yuan/share. After this reduction in holdings, Bai Baokun held 10.515 million shares of the company, accounting for 6.21% of the total share capital. This reduction in holdings will not result in a change in the company's control.

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