The controlling shareholder of Huajin International Holdings (02738) plans to reduce holdings of a total of 174 million shares issued by the company

Zhitong Finance App News, Huajin International Holdings (02738) issued an announcement. The board of directors was informed by Mr. Xu Songqing (Mr. Xu), the executive director, chairman of the company and controlling shareholder, that on September 14, 2026, Haiyi Co., Ltd. (Haiyi), the controlling shareholder of the Company and directly wholly owned by Mr. Xu, carried out an OTC placement through placement agents to sell a total of 174 million issued shares (shares) (sale matters) of the Company to multiple undertakers. HK$0.038.

After all reasonable inquiries have been made by Mr. Hui, to the extent that they know, know and believe, the various undertakers and their ultimate beneficial owners are independent third parties, unrelated to the Company and its related parties (as defined in the “Listing Rules”). After making all reasonable inquiries, the Company is unaware of the identities of the various undertakers and their respective main business activities. The Board of Directors expects that the sale will not have a significant impact on the Group's business operations, financial situation and management structure, nor will it affect the normal business development and daily operations of the Company.

Following the completion of the sale, Haiyi's shares of the Company were reduced from 391.5 million shares (equivalent to about 65.25% of the total number of issued shares of the Company) to 2175 million shares (equivalent to about 36.25% of the total number of issued shares of the Company), and Haiyi is still the controlling shareholder of the Company.

As of the date of this announcement, all of Haiyi's issued share capital was lawfully and beneficially owned by IntrendVentures Limited, while all issued share capital of IntrendVentures Limited was lawfully and beneficially owned by Mr. Xu. For the purposes of the Securities and Futures Ordinance, both Mr. Hui and IntrendVentures Limited are deemed to have an interest in all of the Company's shares held by Haiyi.