Orient Overseas International (00316): Faulkner sells 469 million company shares to COSCO Marine Holdings Hong Kong

Zhitong Finance App News, Oriental Overseas International (00316) announced that the Company was notified by COSCO Shipping Holdings (Hong Kong) Co., Ltd. and Faulkner Global Holdings Limited (Faulkner, a wholly-owned subsidiary of COSCO Marine Holdings Hong Kong), and on December 11, 2025, they entered into an equity transfer agreement. Based on this, Faulkner agreed to sell, and COSCO Hong Kong agreed to purchase 469 million shares of the Company.

Following the completion of the transfer, Faulkner will no longer hold any shares in the Company or be the controlling shareholder of the Company; and COSCO Offshore Holdings Hong Kong will directly hold 469 million shares of the Company, accounting for approximately 71.07% of the Company's total issued share capital on the date of this announcement.

The Company was further notified by COSCO Offshore Holdings Hong Kong. It has applied to the Hong Kong Securities and Futures Commission for exemption from its obligation to make a full offer for the Company's shares as a result of the transfer, and the SFC has granted this exemption in accordance with remark 6 (a) of the Hong Kong Company Takeovers and Mergers Code.