Red Star Macalline Group Corporation Ltd. (601828) Major Shareholder Plans to Reduce Stake

Deep News12-03

Red Star Macalline Group Corporation Ltd. (601828) announced on the evening of December 3 that Hangzhou Haoyue Enterprise Management Co., Ltd. (hereinafter referred to as Hangzhou Haoyue), an investment platform under Alibaba, plans to reduce its stake in the company by up to 3% due to funding needs. The reduction will include up to 1% via centralized bidding and up to 2% via block trades.

The proposed reduction period is set for three months starting from 15 trading days after the announcement, i.e., from December 25, 2025, to March 24, 2026.

Hangzhou Haoyue is an Alibaba-affiliated investment entity, with its shareholders including Taobao (China) Software Co., Ltd., Zhejiang Tmall Technology Co., Ltd., and Alibaba Network China Co., Ltd.

Currently, Hangzhou Haoyue directly holds a 5.40% stake in Red Star Macalline. If the reduction plan is executed, its direct ownership may fall below 5%. Additionally, Hangzhou Haoyue’s affiliated parties, Taobao China Holding Limited and New Retail Strategic Opportunities Investments 4 Limited, hold 1.66% and 0.97% stakes, respectively.

Prior to this announcement, Hangzhou Haoyue had just completed its previous reduction plan, having sold a total of 1.28% of Red Star Macalline’s shares via centralized bidding and block trades by November 30, 2025.

The selling price for the planned reduction will be determined based on the market price at the time of execution.

As of December 3, Red Star Macalline’s A-share price closed at CNY 2.64 per share, down 1.12%, with a total market capitalization of CNY 10.4 billion.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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