MTT Group (02350) has announced that after the Hong Kong Stock Exchange trading session on September 24, 2026, its controlling shareholder, QH Technology Holdings Limited (QH Technology), which is wholly and beneficially owned by Mr. Yan Wei, the Chairman and Executive Director of the company, entered into agreements to dispose of a total of 127 million shares of the company, representing approximately 14.56% of the company's issued share capital as at the date of the announcement (the proposed transactions).

Among the proposed transactions, two purchasers acquiring a total of 63.8 million shares, representing approximately 7.29% of the company's issued share capital, have undertaken that, for a period of 18 months from the date of completion of the relevant sale and purchase: (a) they shall not sell, transfer, dispose of, or otherwise deal with the subject shares; and (b) they shall not exercise the voting rights attached to the subject shares at any general meeting of the company to vote against any resolution supported by QH Technology.

Prior to the completion of the proposed transactions and as at the date of the announcement, QH Technology held 321 million shares, representing approximately 36.74% of the company's issued share capital. Upon completion of the proposed transactions, assuming no changes to the company's issued share capital, QH Technology will hold 194 million shares, representing approximately 22.18% of the company's issued share capital.