Moe Blue Lake Holdings' major shareholder Inner Mongolia Mengniu completes additional purchase, investing 119 million yuan to acquire 5.1 million shares, increasing ownership to 37.77%

Shanghai Miao Ke Lan Duo Food Technology Co., Ltd. (hereinafter referred to as “Miao Ke Lan Duo”) released an announcement on March 26, 2026, disclosing that its controlling shareholder, Inner Mongolia Mengniu Dairy (Group) Co., Ltd. (hereinafter referred to as “Inner Mongolian Mengniu”), has completed the shareholding increase plan previously disclosed. In this shareholding increase, Inner Mongolian Mengniu cumulatively increased its holding of 5.100519 million shares of the company using its own funds, accounting for 1.00% of the company’s total share capital. The cumulative amount of the increase reached RMB 118.568712 million, nearly approaching the upper limit of its shareholding increase plan.

Implementation status of the shareholding increase plan

The announcement shows that Inner Mongolian Mengniu disclosed its shareholding increase plan on December 30, 2025. It planned to, within three months from December 29, 2025, increase its holdings of Miao Ke Lan Duo’s unrestricted tradable A shares through the Shanghai Stock Exchange trading system (by ways such as centralized competitive trading or block trading). The quantity range was not less than 2.550268 million shares and not more than 5.100536 million shares.

From December 29, 2025 to March 23, 2026, Inner Mongolian Mengniu carried out the shareholding increase through centralized competitive trading. The actual number of shares increased was 5.100519 million shares, accounting for 1.00% of the company’s total share capital. The cumulative amount of the increase was RMB 118.568712 million (approximately RMB 119 million). The number of shares increased has already come close to the planned upper limit of 5.100536 million shares, indicating that this shareholding increase plan has been completed.

Further increase in shareholding ratio

Before this shareholding increase, Inner Mongolian Mengniu held 187,569,222 shares of Miao Ke Lan Duo, representing 36.77% of the company’s total share capital. After the completion of the increase, its shareholding rose to 192,669,741 shares, and its shareholding ratio increased to 37.77%.

Other notes in the announcement

In the announcement, Miao Ke Lan Duo stated that Inner Mongolian Mengniu’s shareholding increase complies with relevant laws and regulations such as the Securities Law of the People’s Republic of China and the Measures for the Administration of Takeover of Listed Companies, as well as the relevant business rules of the Shanghai Stock Exchange. After the completion of this shareholding increase plan, there was no triggering of a tender offer, and it did not lead to any change in the company’s controlling shareholder or actual controller.

In addition, Beijing Haiwen Law Firm has issued a legal opinion regarding this shareholding increase matter, confirming the compliance of the shareholding increase actions. Inner Mongolian Mengniu previously stated that the shareholding increase was based on its confidence in Miao Ke Lan Duo’s future continued and stable development and its recognition of the long-term investment value.

With the completion of this shareholding increase plan, Inner Mongolian Mengniu’s position as the controlling shareholder of Miao Ke Lan Duo has been further strengthened, and it also conveys to the market its long-term optimism about the company’s development prospects.

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Edited by: Xiaolang Express