Golden Faith Group Holdings Limited (Golden Faith) announced that its Chairman and executive director, Mr. Ko Chun Hay Kelvin, has completed the off-market placing of his entire shareholding of approximately 119.60 million shares, equivalent to 17.34% of Golden Faith’s issued share capital prior to the transaction. The placing was executed via an independent placing agent, and Mr. Ko now holds no shares in the company.

According to the placing agent, all placees—each confirmed as independent third parties—will individually, or together with parties acting in concert with them, hold less than 30% of Golden Faith’s total issued share capital following completion.

The board advises shareholders and prospective investors to exercise caution when dealing in the company’s shares.