Jingwei Tiandi (02477) was sold 145 million shares by shareholder Jingwei Tiandi Group

Zhitong Finance App News, Jingwei Tiandi (02477) issued an announcement. On April 15, 2025 (after the trading period), Jingwei Tiandi Group, the controlling shareholder of the company, has entered into two sales agreements to sell the company's common shares at HK$0.005 per share. Among them, the first transaction agreement was concluded with Shoujian, involving the sale of 45 million shares at a cost of HK$6 per share and the sale of 100 million shares..

The board of directors was also informed by Qian Fenglei (executive director and 58.48% controlling shareholder and sole director of Hengfeng International, the company's main shareholder) that Hengfeng International entered into a trading agreement with Jingwei Tiandi Group on April 15, 2025 (after the trading period) to acquire 100 million sales shares at a cost of HK$26 per share.

After the completion of Sale 1 and Sale 2, assuming no other changes in the shareholding structure and issued shares, the number of shares held by Jingwei Tiandi Group will be reduced from 311 million shares to 166 million shares, accounting for 16.6% of the company's total issued share capital. Jingwei Tiandi Group will no longer be the company's controlling shareholder, but will remain the company's main shareholder.

After the completion of Sale Item 2, assuming that there are no other changes in the shareholding structure and issued shares, the number of shares held by Hengfeng International will increase from 199 million shares to 299 million shares, accounting for 29.9% of the company's total issued share capital, while Hengfeng International will become the single largest shareholder of the company and will continue to be the main shareholder of the company.

The announcement stated that the sale will not adversely affect the Group's business operations and future prospects.