FriendTimes Inc. announced that its controlling shareholder, Chairman and Executive Director Mr. Jiang Xiaohuang, increased his beneficial stake via Warm Sunshine Holdings Limited with an open-market purchase on 26 June 2026.

Warm Sunshine acquired 3.99 million FriendTimes shares, equivalent to approximately 0.18% of the company’s issued share capital. The transaction raised Warm Sunshine’s holding from 191.07 million shares to 195.06 million shares.

Following the purchase, Mr. Jiang’s total interest in FriendTimes rose to 1.25 billion shares, representing 57.34% of the company’s issued share capital.

The board stated that the increased holding signals the controlling shareholder’s confidence in FriendTimes’ long-term prospects. The company confirmed that public float requirements remain satisfied and the transaction does not trigger a mandatory general offer under Hong Kong’s Takeovers and Mergers Code.

FriendTimes will continue monitoring any further changes in share ownership and will make timely disclosures in accordance with the Listing Rules, Inside Information Provisions and the Takeovers Code. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.