EPS HD, the controlling shareholder of EPS Chuangjian Technology (03860), plans to sell up to 130 million shares of the company's common stock

Zhitong Finance App News, EPS Chuangjian Technology (03860) issued an announcement. The company's board of directors was informed by EPS Holdings, Inc. (EPS HD), the controlling shareholder of the company, that on September 9, 2026, EPS HD and Wisdoms Group International Co., Limited (Wisdoms Group) entered into an agreement (sale agreement) to sell up to 130 million shares of the company's common shares (22.32% of the company's issued share capital) for pricing HK$0.63 per share.

The sale is expected to be completed in two phases: the first phase, involving 74.5 million shares, will be completed on or before December 31, 2026 (Phase A); the second phase involves up to 55.5 million shares and will be completed on or before December 31, 2027, and each instalment is subject to certain preconditions contained in the sale agreement (including but not limited to the consent, approval or exemption of any lender under any financing arrangement entered into by EPS HD or its ultimate beneficial owner). Wisdoms Group has promised in the sale agreement that certain potential buyers approved by EPS HD (all must be directors, senior management, advisors or employees of EPS HD and its subsidiaries (including the company)) to purchase up to 30 million shares within 30 days after completion of Phase A.