Du Du Holdings Limited announced that its indirectly wholly-owned subsidiary, Golden Brand Enterprises Limited, has sold 2,820 shares of Shanghai Xizhi Technology Co., Ltd. on the open market on 5 May 2026 at an average price of HK$940.40 per share, generating proceeds of HK$2.65 million before expenses. Combined with an earlier sale of 60 shares on 28 April 2026 for HK$48,000, the group has disposed of 2,880 Xizhi Technology shares for a total of HK$2.70 million at an average price of HK$937.50 per share.

The aggregated disposals represent approximately 0.003% of Xizhi Technology’s issued share capital. Du Du Holdings expects to record a disposal gain of about HK$0.38 million, subject to final audit. Net proceeds will be used for general working capital.

Under Chapter 19 of the GEM Listing Rules, the aggregated percentage ratios from the transactions exceed 5% but are below 25%, classifying the sales as a discloseable transaction that requires reporting and announcement.

Xizhi Technology, listed on the Hong Kong Main Board (stock code 1879), reported revenue of RMB106.37 million and a net loss attributable to shareholders of RMB1.34 billion for the year ended 31 December 2025, up from revenue of RMB60.19 million and a loss of RMB0.74 billion in 2024. The company held net liabilities of roughly RMB4.25 billion at end-2025.