Panda Dairy announced that the 700,000 shares planned to be reduced by Chen Xiuqin, the actual controller of the company, have all been reduced, accounting for 0.5645% of the company's total share capital. The holdings reduction period is from September 26, 2025 to December 16, 2025. The method of holdings reduction is centralized bidding, and the average holdings reduction price is 28.49 yuan/share. After the holdings were reduced, Chen Xiuqin held 3 million shares of the company, accounting for 2.4194% of the company's total share capital.

Panda Dairy announced that the 700,000 shares planned to be reduced by Chen Xiuqin, the actual controller of the company, have all been reduced, accounting for 0.5645% of the company's total share capital. The holdings reduction period is from September 26, 2025 to December 16, 2025. The method of holdings reduction is centralized bidding, and the average holdings reduction price is 28.49 yuan/share. After the holdings were reduced, Chen Xiuqin held 3 million shares of the company, accounting for 2.4194% of the company's total share capital.