Core Viewpoint - Alibaba's subsidiary, Hangzhou Alibaba Zeta Information Technology Co., Ltd. (referred to as "Ali Zeta"), plans to reduce its stake in Sanjiang Shopping (601116) by up to 16.43 million shares, representing no more than 3% of the company's total share capital [1] Group 1: Shareholding and Reduction Plans - As of now, Ali Zeta holds 164 million unrestricted circulating shares of Sanjiang Shopping, accounting for 30% of the company's total share capital [1] - Ali Zeta has been a shareholder of Sanjiang Shopping for 9 years, having acquired a 9.33% stake from the controlling shareholder, Shanghai He'an Investment Management Co., Ltd., in November 2016 [2] - In 2018, Ali Zeta's shareholding increased to 32% after participating in a non-public stock issuance by Sanjiang Shopping [3] Group 2: Previous Reduction Activities - Prior to the current reduction plan, Ali Zeta had announced a plan in April 2023 to reduce its stake by up to 3% [4] - From August 6 to August 11, 2023, Ali Zeta reduced its holdings by a total of 1.095 million shares, which accounted for 2% of Sanjiang Shopping's total share capital [4] Group 3: Business Cooperation with Alibaba - Sanjiang Shopping has entered into multiple cooperation agreements with Alibaba, including a framework agreement to leverage each other's supply chain advantages and integrate e-commerce resources [2] - The cooperation agreement with Hema (a subsidiary of Alibaba) is set to expire on March 31, 2026, with no plans for renewal after that date [4] - The full subsidiary of Sanjiang Shopping, Zhejiang Zhehai Huadi Network Technology Co., Ltd., is projected to generate revenues of 429 million yuan, 447 million yuan, and 550 million yuan from 2022 to 2024, with net profits of 7.2 million yuan, 11.26 million yuan, and 18.33 million yuan respectively [5]
阿里拟减持三江购物不超1643万股