China Star Entertainment (00326) has announced that on September 11, 2026, the company was notified by its controlling shareholder, who also serves as the chairman and executive director, Mr. Heung Wah Keung, regarding a share sale agreement.

On the same day, Heung Wah Keung Family Endowment Limited (HWKFEL), jointly held by Mr. Heung and his spouse, Ms. Chan Ming Ying (vice chairman and executive director of the company), entered into a sale and purchase agreement with Ms. Lam Hsin Ching (the buyer) for the disposal of 340 million shares in the company, representing approximately 14.00% of the company's total issued share capital as of the date of the announcement.

Following the completion of the disposal, HWKFEL's shareholding will be reduced from 1.559 billion shares (approximately 64.20% of the company's total issued share capital as of the date of the announcement) to 1.219 billion shares (approximately 50.20% of the company's total issued share capital as of the date of the announcement).

Immediately after the disposal is completed, HWKFEL will remain the controlling shareholder of the company, and the buyer will become a substantial shareholder, holding approximately 14.00% of the company's total issued share capital as of the date of the announcement.