MTT GROUP (02350) announced that on March 31, 2026, following the trading session on the Stock Exchange, the company's controlling shareholder, QH Technology Holdings Limited (QH Technology, wholly owned by the company's Chairman and Executive Director Mr. Yan Wei), entered into a sale and purchase agreement with a buyer. The agreement concerns the sale of 20 million shares of the company, representing 3.2% of the company's issued share capital as of the date of this announcement. Under the agreement, the buyer 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 written consent is obtained from QH Technology; and (ii) not to exercise the voting rights attached to the subject shares to vote against any resolution supported by QH Technology at any general meeting of the company (the Proposed Transaction). Prior to the completion of the Proposed Transaction and as of the date of this announcement, QH Technology held 292 million shares, representing approximately 46.7% of the company's issued share capital. Upon completion of the Proposed Transaction, which is scheduled to take place on the day following the date of the aforementioned sale and purchase agreement or on another date as may be agreed by QH Technology, and assuming no change in the company's issued share capital, QH Technology will hold 272 million shares, representing approximately 43.5% of the company's issued share capital, and will remain the controlling shareholder of the company.