On September 25, 2026, Sun Xu Limited settled a tranche of 4,952,095 shares under an equity collar transaction with UBS, netting its delivery obligation against the return obligation of UBS. This resulted in a reduction of both its long and short positions in SUNNY OPTICAL (02382).
Prior to the disposal, Sun Xu Limited's long position in SUNNY OPTICAL was 374.96 million shares, representing 34.25%; following the settlement, the holding changed to 370.00 million shares, with the long position ratio falling to 33.8%. Separately, the short position decreased from 29.71 million shares (2.71%) to 24.76 million shares (2.26%).
This was an off-exchange transaction involving the settlement of an equity collar derivative, not a direct secondary-market dealing.