WK GROUP (02535) Shareholder Transfers Shares from Hua Fu Jian Ye Securities to Bao Xin Securities with Transfer Value of HK$71.47 Million

Stock News
09/24

According to the latest information from the Hong Kong Stock Exchange, on September 23, a shareholder of WK GROUP (02535) transferred shares from Hua Fu Jian Ye Securities to Bao Xin Securities, with a transfer value of HK$71.4666 million, representing 6.27% of the company's shares.

On September 1, WK GROUP announced that the company's board of directors was informed by Mr. Chen Yongkang, the chairman of the board, non-executive director, and controlling shareholder (as defined in the Listing Rules), that WK (BVI) Limited (the vendor, a company legally and beneficially owned 30%, 30%, 15%, 15%, and 10% by Mr. Chen Xinji, Mr. Chen Xinjiang, Mr. Chen Yongkang, Ms. Cai Zhichang, and Ms. Chen Shuwen respectively) entered into a placement agreement with Hua Fu Jian Ye Securities Limited on September 1, 2025 (after trading hours). Under this agreement, the placing agent agreed to use its best efforts to procure investors to purchase up to 400 million existing shares of the company held by the vendor at a price of not less than HK$0.25 per placing share.

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