JOINN Shareholders Complete Planned Reduction of Holdings

Stock News06-22

An announcement has been issued by JOINN (06127) regarding the completion of a share sale plan by its shareholders.

Shareholders Gu Xiaolei and Gu Meifang, who are acting in concert, disclosed a plan to reduce their holdings on March 17, 2026. The plan stipulated a sale period within three months following three trading days after its announcement.

According to the plan, shareholder Gu Xiaolei intended to sell up to 5,020,600 shares via the block trading method and up to 10,041,200 shares through a centralized bidding system on the Shanghai Stock Exchange. This amounted to a total planned reduction of no more than 15,061,800 shares, representing up to 2.01% of the company's total share capital.

Concurrently, shareholder Gu Meifang planned to sell up to 2,472,800 shares via centralized bidding and up to 4,945,600 shares via block trading, for a combined total of no more than 7,418,400 shares, equating to a maximum of 0.99% of the total issued shares.

The aggregate planned reduction for both shareholders acting in concert was capped at 3.00% of the company's total share capital.

As of June 18, 2026, the sale plan has been fully executed. Gu Xiaolei has sold 15,061,800 shares, and Gu Meifang has sold 7,418,400 shares, completing the intended reduction of holdings.

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