Shenzhen Best of Best Holdings Co. Ltd. AFive shareholders of Haoshanghao completed a reduction of ~12.98 million shares (2.9999% of total capital), a large insider/early-investor sell-off.

Haoshanghao announced on October 8 that the share reduction plans of company shareholders Diantong Investment, Qianshao Investment, Jujiao Investment, Yanzhi Venture Capital, and Chiheng Venture Capital have been completed. The five shareholders reduced a total of 12,975,100 shares, approximately 12.98 million shares, accounting for 2.9999% of the company's total share capital. All reductions were carried out through centralized bidding transactions during the period from July 7, 2026 to September 30, 2026. Diantong Investment reduced 2,595,030 shares at an average price of 17.85 yuan per share; Qianshao Investment reduced 2,594,990 shares at an average price of 18.01 yuan per share; Jujiao Investment reduced 2,594,985 shares at an average price of 18.23 yuan per share; Yanzhi Venture Capital reduced 2,595,040 shares at an average price of 18.00 yuan per share; and Chiheng Venture Capital reduced 2,595,055 shares at an average price of 17.83 yuan per share. After the reductions, Diantong Investment's shareholding ratio decreased from 7.3588% to 6.7588%, Qianshao Investment from 4.6891% to 4.0891%, Jujiao Investment from 4.6095% to 4.0095%, Yanzhi Venture Capital from 2.8693% to 2.2693%, and Chiheng Venture Capital from 2.7797% to 2.1797%. Fan Linan, one of the company's actual controllers and a director, along with directors and senior executives Wang Lichun and Meng Zhenjiang, and directors Xia Shixun and Shang Gaoming, indirectly hold company shares through the above shareholders. None of these reductions exceeded 25% of their current indirect holdings, and the reduced shares all originated from shares obtained before the company's initial public offering. The company stated that this share reduction will not have a significant impact on its governance structure or future sustainable operations, nor will it lead to a change in control. Haoshanghao was listed on the Shenzhen Stock Exchange in 2022, primarily selling electronic components to manufacturers of electronic products in application areas such as consumer electronics, industrial energy, automotive electronics, robotics, and communications and data centers. In the first half of 2026, the company achieved operating revenue of 7.386 billion yuan, a year-on-year increase of 90.18%; net profit attributable to shareholders of the listed company was 145 million yuan, up 332.32% year-on-year; net profit after deducting non-recurring gains and losses was 151 million yuan, up 369.18% year-on-year; basic earnings per share were 0.34 yuan, up 331.46% year-on-year; and the weighted average return on equity was 8.57%.
Shenzhen Best of Best Holdings Co. Ltd. AFive shareholders of Haoshanghao completed a reduction of ~12.98 million shares (2.9999% of total capital), a large insider/early-investor sell-off.