S.F. Holding (Stock Code: 6936; 002352) Announces Completion of Internal A-Share Transfer

Bulletin Express11-07

S.F. Holding Co., Ltd. disclosed that a planned internal A-share transfer between a shareholder and a person acting in concert has been completed. According to the announcement, Supervisor and shareholder Mr. Liu Jilu transferred a total of 7 million shares to his son-in-law, Mr. Zhao Yingkun, representing approximately 0.14% of the total share capital. The transaction occurred from November 3 to November 5, 2025, via block trades at an average price of RMB39.81 per share.

The transfer was conducted for family asset planning purposes and did not involve any market-based share disposal. As a result, the combined holding of Mr. Liu and his concerted parties remains unchanged in aggregate, and the transaction does not affect the company’s control structure.

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