Hang Sang (Siu Po) International Holding Company Limited released an announcement confirming that its controlling shareholder, Wade Investment SPC Ltd, sold approximately 13,976,000 shares in the open market on 31 October 2025. Following this transaction, the controlling shareholder now holds around 123,672,000 shares, representing approximately 67.21% of the issued share capital.

According to the announcement, the disposal was prompted by the significant increase in the company’s share price compared to the general offer price of HK$1.41 that closed on 16 June 2025. The controlling shareholder indicated that this strategy could help reduce shareholding concentration and improve liquidity. There is no current plan to reduce its holding below 50%.

The announcement also states that no other material reasons or inside information were identified regarding recent price and volume movements. Trading in the shares was halted at 3:23 p.m. on 31 October 2025, and resumed at 9:00 a.m. on 3 November 2025.