Announcement on Gratuitous Donation of Certain Shares by Actual Controller
Securities code: 603392 Securities abbreviation: Wantai Biotechnology Announcement number: 2026-044
Beijing Wantai Biopharmaceutical Co., Ltd.
Announcement on the actual controller’s free donation of some company shares
The board of directors and all directors of the company guarantee that the contents of this announcement do not contain any false records or misleading
statement or material omission, and shall bear legal responsibility for the authenticity, accuracy and completeness of its content.
Important content reminder:
Basic information on the actual controller: As of the disclosure date of this announcement, Mr. Zhong Suisui, the actual controller of Beijing Wantai Biopharmaceutical Co., Ltd. (hereinafter referred to as the "Company" or "Wantai Biotech"), directly holds 223,951,071 shares of the company, accounting for 17.71% of the company's current total share capital; and holds 705,807,928 shares of the company through the company's controlling shareholder Yangshengtang Co., Ltd. shares, accounting for 55.82% of the company's current total share capital. The two hold a total of 929,758,999 shares of the company, accounting for 73.53% of the company's current total share capital.
The main contents of the donation agreement: Mr. Zhong Suisui, the actual controller, donated 33,000,000 unrestricted tradable shares of the company he directly holds (hereinafter referred to as "donated shares") to the Fujian Xiang'an Innovation Laboratory Science and Technology Development Foundation free of charge, accounting for 2.61% of the company's current total share capital.
Fujian Xiang'an Innovation Laboratory Science and Technology Development Foundation promises: The foundation will not reduce its holdings of donated shares within 6 months after receiving the donation. The shares of Wantai Biotechnology received this time will be combined with Mr. Zhong Suisui, the actual controller of Wantai Biotechnology, to calculate the reduction amount when the shares are reduced in the future.
The implementation of this share donation plan will not lead to changes in the company's control rights, and will not have an impact on the company's governance structure, equity structure and ongoing operations.
1. Overview of donations from actual controllers
In order to support cutting-edge research and exploration in public health and biomedicine, the company's actual controller Mr. Zhong Suisui signed a "Share Donation Agreement" with the Fujian Xiang'an Innovation Laboratory Science and Technology Development Foundation on August 25, 2026. Mr. Zhong Suisui plans to donate 33,000,000 unrestricted tradable shares of the company he directly holds to the Fujian Xiang'an Innovation Laboratory Science and Technology Development Foundation free of charge, accounting for 2.61% of the company's current total share capital.
2. Basic information of the recipient
Full Chinese name: Fujian Xiang’an Innovation Laboratory Science and Technology Development Foundation
Nature: Charitable organization
Date of establishment: November 27, 2025
Business supervisory unit: Fujian Science and Technology Association
Unified social credit code: 53350000MJB701535A
Business scope: Funding projects for technological innovation, technological awards, technological exchanges, and popular science activities
Residence: No. 5666, Xiang'an South Road, Xiang'an District, Xiamen City, Fujian Province
Legal representative: Wang Yingbin
The recipient has no related relationship with the company, its controlling shareholders, directors and senior managers. Fujian Xiang'an Innovation Laboratory Science and Technology Development Foundation is a charitable organization recognized by the competent Civil Affairs Bureau. None of the company's controlling shareholders, directors and senior managers serve in Fujian Xiang'an Innovation Laboratory Science and Technology Development Foundation and have no significant impact on the operation of the foundation.
3. Main contents of donation agreement
Donor: Zhong Suisui
Recipient: Fujian Xiang'an Innovation Laboratory Science and Technology Development Foundation
(1) Donation content: In order to support cutting-edge research and exploration in public health and biomedicine, the donor plans to donate 33,000,000 unrestricted tradable shares of Wantai Biotech directly held by it to the recipient free of charge.
(2) Purpose of donation: All income generated during the period when the recipient holds the donated shares (including but not limited to dividends, bonuses and statutory interests, etc.), as well as the funds obtained from the recipient’s subsequent reduction of the donated shares (deducting various taxes and fees payable in accordance with the law), are specially used to fund scientific research, talent training, science and technology awards and scientific and technological exchanges related to public health and biomedical frontier research and exploration.
The recipient shall manage and dispose of the donated shares in strict accordance with the purposes and methods specified in the "Share Donation Agreement" and shall not change the purpose of the donation without authorization. If the use really needs to be changed, the consent of the donor must be obtained.
4. Shareholding status of controlling shareholders and actual controllers before and after the donation is implemented
Before and after the donation was implemented, the company's shares held by the controlling shareholders and actual controllers are as follows:
Before donation After donation
Shareholder name
Number of shares held (shares) Shareholding proportion (%) Number of shares held (shares) Shareholding proportion (%)
Zhong Suisui 223,951,071 17.71 190,951,071 15.10
Yangshengtang Co., Ltd. 705,807,928 55.82 705,807,928 55.82
Total 929,758,999 73.53 896,758,999 70.92
5. Recipient’s Commitment
Fujian Xiang'an Innovation Laboratory Science and Technology Development Foundation attaches great importance to the development of Wantai Biotech and the stability of its stock price, especially the rights and interests of Wantai Biotech's small and medium-sized shareholders, and has made the following commitments:
The Foundation will not reduce its holdings of donated shares within 6 months after receiving the donation.
The shares of Wantai Biotechnology received this time will be combined with Mr. Zhong Suisui, the actual controller of Wantai Biotechnology, to calculate the reduction amount when the shares are reduced in the future.
6. Other related instructions
After this donation, the controlling shareholder and actual controller hold a total of 896,758,999 shares of the company, accounting for 70.92% of the company’s current total share capital. Mr. Zhong Suisui is still the actual controller of the company. This donation will not lead to changes in the company's controlling shareholders and actual controllers, nor will it have a significant impact on the company's governance structure and ongoing operations.
Before the transfer of donated shares is completed, Mr. Zhong Suisui has ownership of the donated shares, and still enjoys full shareholder rights and assumes corresponding shareholder obligations over the donated shares.
The implementation of this donation will strictly comply with the provisions of the Securities Law of the People's Republic of China, the Stock Listing Rules of the Shanghai Stock Exchange and other relevant laws, regulations and normative documents. The company will continue to pay attention to the progress of donation implementation and timely fulfill its information disclosure obligations in accordance with regulations.
Investors are kindly requested to make prudent decisions and pay attention to preventing investment risks.
Announcement is hereby made.
Board of Directors of Beijing Wantai Biopharmaceutical Co., Ltd.
August 26, 2026