The controlling shareholder of Donkey Trail Technology (01745) plans to increase the company's shares

Zhitong Finance App News, Donkey Ji Technology (01745) issued an announcement. The board of directors of the company was notified by Mr. Zang Weizhong (the company's executive director, chairman of the board of directors and controlling shareholder) that Lu Jia Technology Holdings Limited (a company directly wholly owned by Mr. Zang Weizhong) plans to acquire the company's shares in the open market within 12 months from the date of this announcement.

As of the date of this announcement, Mr. Zang Weizhong had interests in a total of 560 million shares, accounting for about 33.20% of the total number of issued shares. According to Mr. Zang Weizhong's intention, after the proposed acquisition, the total shareholding of the company's controlling shareholders and those acting in concert with any of them will not result in the obligation to make mandatory offers of 30% to 50% of the shares held by the controlling shareholders of Hong Kong listed companies (together with those acting in concert with them) over any 12-month period under Rule 26 of the Company Takeovers and Mergers Code (i.e. will not increase their total shareholding volume by more than 2% compared to the minimum shareholding level in the 12 months prior to the proposed acquisition).

The board of directors believes that the proposed acquisition shows Mr. Zang Weizhong's confidence in the company's prospects and growth potential.