Mathematical Technology Group (02350) sold a total of 127 million shares by QH Technology, the controlling shareholder

Zhitong Finance App News, Mathematical Technology Group (02350) announced that after September 24, 2026 (Stock Exchange trading session), the controlling shareholder of the Company, QH Technology Holdings Limited (QH Technology, wholly-owned and beneficially owned by Mr. Yan Wei, Chairman of the Company and Executive Director of the Company) has entered into an agreement to sell a total of 127 million shares of the Company (accounting for approximately 14.56% of the Company's issued share capital on the date of this announcement) (such proposed transactions). The two buyers involved in the proposed transactions involved in the sale of a total of 63.8 million shares (accounting for about 7.29% of the Company's issued share capital) have promised that within 18 months from the date the transaction was completed: (a) not to sell, transfer, transfer or otherwise dispose of the underlying shares; and (b) not to exercise voting rights attached to the underlying shares at any shareholders' meeting of the Company to vote against any resolution endorsed by QH Technology.

Prior to the completion of these proposed transactions and on the date of this announcement, QH Technology held 321 million shares (accounting for approximately 36.74% of the Company's issued share capital). After completion of these proposed transactions, assuming there is no change in the Company's issued share capital, QH Technology will hold 194 million shares (accounting for approximately 22.18% of the Company's issued share capital).