阿里再度出手！拟减持！

Core Viewpoint - Alibaba's subsidiary, Hangzhou Alibaba Zetai Information Technology Co., Ltd., plans to reduce its stake in Sanjiang Shopping by up to 16.43 million shares, representing no more than 3% of the company's total share capital [1][2]. Group 1: Shareholding and Reduction Plan - As of now, Alibaba Zetai holds 164 million shares of Sanjiang Shopping, accounting for 30% of the company's total share capital [3]. - Alibaba Zetai has been a shareholder of Sanjiang Shopping for 9 years, having acquired shares through a transfer agreement in 2016 [4]. - In 2018, Alibaba Zetai's stake increased to 32% following participation in a non-public stock issuance [6]. Group 2: Previous Reduction Activities - Prior to the current reduction plan, Alibaba Zetai had announced a similar plan in April 2023, intending to reduce its stake by up to 3% [6]. - From August 6 to August 11, 2023, Alibaba Zetai reduced its holdings by a total of 1.1 million shares, which accounted for 2% of Sanjiang Shopping's total share capital [6]. Group 3: Business Cooperation with Hema - Sanjiang Shopping has a business cooperation agreement with Hema, a subsidiary of Alibaba, which is set to expire on March 31, 2026, and will not be renewed [7]. - The revenue projections for Sanjiang Shopping's subsidiary managing Hema stores are 429 million yuan, 447 million yuan, and 550 million yuan for the years 2022, 2023, and 2024, respectively, with net profits of 7.2 million yuan, 11.26 million yuan, and 18.33 million yuan [7].