Sanjiang Shopping: Shareholder Alibaba's Zetai plans to reduce its holdings by no more than 2%

Sanjiang Shopping Announcement: The second largest shareholder, Hangzhou Alibaba Zetai Information Technology Co., Ltd., holds 148 million shares, accounting for 27.00% of the total shares. They plan to reduce their holdings by a total of not more than 10.9536 million shares, or 2% of the total share capital, through centralized bidding and block trading from April 24, 2026 to July 23, 2026 due to their own business arrangements. Among them, the number of shares reduced through centralized bidding will not exceed 5.4768 million, accounting for 1%, and the number of shares reduced through block trading will not exceed 5.4768 million, accounting for 1%. The selling price will be determined based on the market price at the time of implementation.