Ligao Foods: The share reduction plan of Bai Baokun, a shareholder holding more than 5% of shares, has been completed.

Ligao Foods announced that the reduction plan of Bai Baokun, a shareholder holding more than 5% of the company's shares and a director, has been completed. During the period from July 21, 2026 to October 12, 2026, Bai Baokun cumulatively reduced 3.40 million shares of the company through centralized bidding and block trades, accounting for 2.01% of the company's total share capital and 2.04% of the total share capital after excluding repurchased shares, with the average reduction price ranging from RMB 23.47 per share to RMB 26.02 per share. After this reduction, Bai Baokun holds 10.5115 million shares of the company, accounting for 6.21% of the total share capital. This reduction will not result in a change in control of the company.