Wenbin Qiu acquired 21,900 Class A ordinary shares (via 7,300 American Depositary Shares) of BAOZUN-W (09991) on the open market at an average of USD 0.915 per share on September 16, 2026, involving about USD 20,038. This was an on-exchange active trade, i.e., a direct dealing in the secondary market.
Prior to the acquisition, Wenbin Qiu's long position in BAOZUN-W was 5.56 million shares, representing 3.19%; following the acquisition, the holding changed to 5.59 million shares, with the long position ratio rising to 3.21%.