Beijing Wantai Biological Pharmacy Enterprise Co.,Ltd. (SH: 603392) has announced that its actual controller, Zhong Shanshan, has completed the transfer of donated shares to a foundation, reducing his direct stake in the company.

Previously, Zhong Shanshan had planned to donate 33 million unrestricted tradable shares, representing 2.61% of the company's total share capital, to the Fujian Xiang'an Innovation Laboratory Technology Development Foundation. The donation was executed through a non-trading transfer method, with the registration procedures for the 33 million shares completed at the Shanghai branch of China Securities Depository and Clearing Corporation Limited.

As of the date of this announcement, all shares donated by Zhong Shanshan to the foundation have been fully transferred. Following this change in equity, Zhong's direct shareholding has decreased from 17.71% to 15.10%. Combined with his concert party, Yangshengtang Co., Ltd., their aggregate shareholding has dropped from 73.53% to 70.92%.

This equity change does not trigger a mandatory offer and will not result in any alteration to the company's controlling shareholder or actual controller.