Baida Group Co.,Ltd. (600865.SH) Shareholder Xizi United Terminates Share Reduction Plan Early

Stock News12-15

Baida Group Co.,Ltd. (600865.SH) announced that it recently received relevant documents and a "Simplified Equity Change Report" from its shareholder Xizi United. From December 10 to December 11, 2025, Xizi United reduced its holdings by 1,399,400 shares through centralized bidding, with no shares sold via block trades. The total reduction amounted to 1,399,400 shares, representing 0.37% of the company's total shares.

Following this equity change, the combined holdings of Xizi United and its affiliated party Chen Guihua decreased to 56,436,100 shares, reducing their total stake from 15.37% to 15.00%, thereby triggering the 5% threshold disclosure requirement.

As of the announcement date, Xizi United had not completed the planned share reduction. However, based on actual circumstances and capital arrangements, Xizi United decided to terminate the reduction plan ahead of schedule.

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