Baida Group (600865.SH): Major Shareholder Xizi United Reduces 1.3994 Million Shares via Bulk Trading on Dec 10-11

Stock News12-12

Baida Group Co., Ltd. (600865.SH) announced that its stock price experienced abnormal fluctuations, with the cumulative deviation of closing prices exceeding 20% over two consecutive trading days on December 11 and 12, 2025, according to Shanghai Stock Exchange regulations.

The company verified that Xizi United Holdings Co., Ltd., a shareholder holding over 5% of shares, sold 1.3994 million shares (0.37% of total equity) through bulk trading between December 10 and 11, 2025.

No other material events significantly impacting the stock price were identified. Additionally, the company confirmed that directors, senior management, controlling shareholders, and actual controllers did not trade company shares during this period of abnormal price movement.

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