CHINA JICHENG (01027) Major Shareholder JIL Sells 123 Million Company Shares

Stock News
10/03

CHINA JICHENG (01027) announced that on October 3, 2025, the company received notification from its major shareholder Jicheng Investment Limited (JIL) that JIL has entered into a share purchase and sale agreement with Benefit Gateway Limited (the investor). Under the agreement, JIL has agreed to sell and the investor has agreed to purchase 123 million company shares, representing approximately 29.85% of the total issued shares as of the announcement date, at a price of HK$0.6060 per share, for a total consideration of approximately HK$74.6 million (the share sale). Following completion of the share sale, (i) the investor will hold 123 million shares (representing approximately 29.85% of the company's total shares) and will become a major shareholder of the company; and (ii) JIL will no longer be a major shareholder of the company. The board of directors expects that the share sale will not have any adverse impact on the company's operations.

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