Brainhole Tech Rebalances Portfolio: Exits Marvell and AOI Holdings, Adds HK$11.00 Million in Jiaxin Shares

Bulletin Express
06/24

Brainhole Technology Limited (“Brainhole Tech”) on 24 June 2026 completed three market transactions that collectively reshape its listed-equity portfolio.

Disposal of Marvell Shares • Shares sold: 4,210 • Proceeds: US$1.20 million (HK$9.30 million) • Average price: US$285.24 per share • Estimated result: book loss of approximately US$0.08 million (HK$0.60 million)

Further Disposal of AOI Shares • Shares sold: 6,300 • Proceeds: US$1.00 million (HK$7.70 million) • Average price: US$156.58 per share • Estimated result: book gain of approximately US$1.00 million (HK$7.70 million) Including two earlier sales totalling 12,800 AOI shares, Brainhole Tech has realised US$2.90 million (HK$22.50 million) from AOI disposals within the past 12 months.

Further Acquisition of Jiaxin Shares • Shares purchased: 158,400 • Consideration: HK$11.00 million • Average price: HK$69.44 per share • Funding source: proceeds from the above Marvell and AOI disposals; HK$6.00 million in residual cash earmarked for general working capital or future investments. Aggregated with a 23 June 2026 purchase of 66,800 Jiaxin shares, total investment in Jiaxin during the 12-month window reaches HK$16.00 million.

Strategic Rationale Management cited portfolio reallocation and confidence in Jiaxin’s tungsten-mining prospects as primary drivers. Jiaxin transitioned to commercial production in 2025, reporting HK$1.06 billion in revenue and HK$306.18 million in net profit that year.

Listing Rules Compliance Each of the three transactions exceeds the 5 per cent but remains below the 25 per cent threshold under Chapter 14 of the Hong Kong Listing Rules, classifying them as discloseable transactions requiring public announcement but not shareholder approval.

Counterparties for all trades were unidentified open-market participants and are confirmed as independent third parties.

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