Sheng Tang Holdings Limited reported that its Executive Director and Chairman, Mr. Heung Chung Sum, entered into a sale and purchase agreement on January 21, 2026, involving the sale of Advanced Pacific Enterprises Limited (“Advanced Pacific”) to Mr. Xu Chancheng. Advanced Pacific currently holds 100,500,000 shares in Sheng Tang Holdings Limited, representing approximately 6.20% of the total issued share capital.

Under the agreement, Mr. Heung agreed to dispose of all issued shares of Advanced Pacific at a consideration of HK$17,000,000. According to the announcement, Mr. Xu currently holds 301,800,000 shares in Sheng Tang Holdings Limited and is a substantial shareholder. Upon completion of the transaction, Mr. Xu will hold approximately 24.80% of the total issued share capital of the company.

The board does not expect the disposal to adversely affect the group’s business operations. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.