Huaxing Holdings (08237) was reduced by 6.708 million shares by the controlling shareholder

Zhitong Finance App News, Huaxing Holdings (08237) issued an announcement. The board of directors was informed by Ace Kingdom Enterprises Corporation (Ace Kingdom), the controlling shareholder of the Company, that from September 3, 2026 to September 4, 2026, Ace Kingdom conducted on-market transactions through the Stock Exchange trading platform to sell a total of 6.708 million shares of the Company's issued shares (sales matters) at an average price of approximately HK$0.54 per share, accounting for the Company as of the date of this announcement The total number of issued shares (shares) is approximately 3.33%.

The sale took place on the open market. After making all reasonable inquiries, to the best of our knowledge, knowledge and belief, the Company is unaware of the identity of the counterparty in the sale or their respective main business activities.

Following the sale, the number of shares held by Ace Kingdom decreased from 97.7256 million shares (about 48.61% of the total number of issued shares) to 910.17,600 shares (about 45.28% of the total number of issued shares).

As of the date of this announcement, Ace Kingdom was owned by Boomerang Investment Limited, Mr. Guo Erche, Billion Supreme Holdings Limited and Mr. Yuan Liqian (non-executive director) respectively; (ii) Boomerang Investment Limited ultimately owned 50 per cent by Mr. Wong Chun-hung (non-executive director), Mr. Wang Haixiang, and Mr. Lui Tianshun (executive director) each %, 25% and 25%; (iii) Mr Hui Ngai and Mr Ng Tin Wai ultimately own 75% and 25% respectively; and (iv) Mr Yuan Liqian, Mr Wang Haixiang, Mr Lu Tianshun and Mr Zhao Gongzhi (non-executive directors) are directors of Ace Kingdom.