On September 15, 2026, Junhua Wu acquired 13,900 American Depositary Shares (each representing three Class A ordinary shares), equivalent to 41,700 Class A shares, of BAOZUN-W on the SEHK open market at an average of USD 0.91 per Class A share, involving about USD 37,947. This is an on-exchange active trade, representing a direct dealing in the secondary market.
Prior to the acquisition, Junhua Wu's long position in BAOZUN-W was 3.61 million shares, representing 2.07%; following the acquisition, the holding changed to 3.65 million shares, with the long position ratio rising to 2.1%.
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