Jack Ma has indirectly invested in ETH and holds approximately 11.15% of Yunfeng Financial's shares

According to public data, Alibaba founder Jack Ma indirectly holds approximately 11.15% of Yunfeng Financial (Hong Kong Stock Code: 00376.HK) through Yunfeng Capital. He also holds a 29.85% stake in Yunfeng Financial Holdings Co., Ltd. and a 40% equity interest (without voting rights) in Shanghai Yunfeng New Venture Equity Investment Management Center (Limited Partnership).

It should be noted that due to Yunfeng Financial's multi-layered equity structure and the lack of a more accurate public announcement disclosing shareholding information, the 11.15% percentage is merely a minimum estimate calculated based on historical public information, and Jack Ma's actual indirect shareholding percentage may fluctuate.

Recently, Yunfeng Financial announced that its board of directors has approved the purchase of Ethereum (ETH) on the open market as a reserve asset.

As of the date of the announcement, the group had purchased a total of 10,000 ETH on the open market, with a total investment cost (including related fees and expenses) of US$44 million. The purchases were funded entirely from the group's internal cash reserves, and the ETH purchased will be reported as investment assets in its financial statements.

Due to the complex shareholding structure of Yunfeng Financial and the lack of disclosure of further penetrating equity information, the above-mentioned shareholding ratio of Jack Ma is for reference only. The actual equity ratio shall be subject to the company's latest official announcement.