KELFRED (01134) has announced a significant change in its shareholder structure, as its major stakeholder, Dingfeng Holdings Limited, has fully exited the company.

According to the company's filing, the board of directors was informed by Dingfeng Holdings Limited — a company with a 2% stake held by Ms. Chen Yanhua (a non-executive director) and 49% stakes each held by Mr. Guo Junhui and Mr. Guo Junyu (both executive directors) — that on July 24, 2026, Dingfeng entered into a sale agreement.

This agreement involved the transfer of a total of 147.6 million shares of the company to an independent third party, representing approximately 29.59% of the company's total issued share capital as of the date of the announcement.

The share transfer has now been completed, and Dingfeng no longer holds any interest in the company.

The board does not expect the share transfer to have any adverse impact on the business operations of the group's existing eyewear business, which will continue to serve as the group's core business. The board will continue to explore potential opportunities to diversify the group's business and revenue streams.