ALLEGRO CULTURE (00550) has announced a significant change in its shareholding structure, following a disposal by its substantial shareholder.

The board was informed by Lither Global Limited, a major shareholder of the company, that Mr. Chen Jiajun sold all of the issued share capital of Lither to Direct Ascent Intelligent Investment Co., Limited on 9 September 2026.

As of the announcement date, Lither holds approximately 123 million shares of the company, representing roughly 27.01% of the total issued share capital. Following the completion of the sale, Mr. Chen will no longer hold any interest in these shares.

On the same date, Direct Ascent is owned as to approximately 63% by RUNXI International Co., Limited and as to approximately 37% by Mr. Ma Changwei, the chairman and non-executive director of the company. In turn, RUNXI International is held as to approximately 82.4% by RUNXI Investment Co., Limited, a company wholly owned by Ms. Clara Cheung, a director of certain subsidiaries of the company, and as to approximately 17.6% by Mr. Gan Peng, an executive director of the company.