Wenbin Qiu acquired 20,700 Class A ordinary shares of Baozun-W (09991) on the open market on September 21, 2026, at an average of USD 0.9514 per share, involving about USD 19,694. The transaction was an on-exchange active trade, i.e., a direct dealing in the secondary market. The acquired shares are equivalent to 6,900 American Depositary Shares (each ADR represents three Class A Shares).
Prior to the acquisition, Wenbin Qiu's long position in Baozun-W was 5.63 million shares, representing 3.23%; following the acquisition, the holding changed to 5.65 million shares, with the long position ratio rising to 3.24%.