Xinhua Huifu Finance (00188) sold a total of 212,000 Tencent shares

According to the Zhitong Finance App, Xinhua Huifu Finance (00188) announced that from August 19, 2025 to August 13, 2026, the Company carried out a series of on-market transactions on the Stock Exchange through its wholly-owned subsidiary to sell a total of 212,000 Tencent shares (accounting for about 0.0002% of the total number of Tencent shares issued on the date of this announcement). The average daily price of Tencent shares ranged from HK$465 to HK$655, with a total cost of about HK$12.61 million (excluding transaction costs).

The Group's main business is the provision of financial services, including securities, commodity futures and futures brokerage, corporate finance, asset management, lending, property investment and proprietary investment.

The sale provided the Group with an opportunity to realize part of its investment in Tencent shares. The sale is made with reference to the market price at the time of sale, and allows the Group to realise cash resources for general working capital and other potential investment funds. The realised proceeds from the sale are approximately HK$1 million, which is the difference between the total cost of the sale and the total purchase price of Tencent shares sold.

Since the sale was made through the open market of the Stock Exchange and at market price, the directors believe that the sale was fair and reasonable, carried out in accordance with general commercial terms, and in accordance with the overall interests of the Company and its shareholders.