CHANJET (01588) announced that the company's board of directors has been notified by its controlling shareholder, YONYOU Network Technology Co., Ltd. (YONYOU, 600588.SH), that based on its own development needs, YONYOU and its subsidiary YONYOU UPU Information Technology Co., Ltd. (YONYOU UPU) sold 28.1351 million shares and 13.9728 million H-shares of the company respectively through block trading on September 17, 2025, at a price of HK$7.60 per share, representing approximately 8.64% and 4.29% of the company's total issued share capital (excluding treasury shares) as of the announcement date respectively (the "Disposal").

Following the Disposal, YONYOU will continue to hold interests in 174 million shares of the company, representing approximately 53.53% of the company's total issued share capital (excluding treasury shares) as of the announcement date, including 173 million shares directly held by YONYOU and 1.0062 million shares held by YONYOU's subsidiary Beijing YONYOU Happiness Investment Management Co., Ltd.

The controlling shareholder YONYOU remains confident in the group's business operations. This disposal will enable the company to deepen connections with long-term value investors, broaden its shareholder base, and help enhance the liquidity of the company's shares. The board of directors expects that the Disposal will not have any adverse impact on the group's business operations.