MTT GROUP (02350) has announced that its board of directors has been informed that the company's controlling shareholder, Quhuo Technology Holdings Limited (Quhuo Technology, wholly owned by Chairman and Executive Director Mr. Yan Wei), entered into the following agreements after the trading hours of the Stock Exchange on March 6, 2026, to sell company shares: (a) A sale and purchase agreement with Buyer 1 concerning the sale of 50 million shares (representing 8% of the company's issued share capital as of the date of this announcement). Under this agreement, Buyer 1 has agreed, among other things, (i) not to sell, transfer, assign, or otherwise dispose of the subject shares for 18 months from the completion date of the transaction under the agreement, unless with the written consent of Quhuo Technology; (ii) not to exercise the voting rights attached to the subject shares to vote against any resolution supported by Quhuo Technology at any general meeting of the company. (b) A sale and purchase agreement with Buyer 2 concerning the sale of 20 million shares (representing 3.2% of the company's issued share capital as of the date of this announcement). Prior to the completion of the proposed transactions and as of the date of this announcement, Quhuo Technology held 362 million shares (approximately 57.9% of the company's issued share capital). Upon completion of the proposed transactions (which will take place on the day following the date of the aforementioned sale and purchase agreements or on another date agreed by Quhuo Technology), and assuming no change in the company's issued share capital, Quhuo Technology will hold 292 million shares (approximately 46.7% of the issued share capital) and will remain the controlling shareholder of the company.