SHUN WO GROUP (01591) announced that on October 23, 2025, Mr. Huang Renxiong and Mr. Li Guohui entered into a sale and purchase agreement. Under the agreement, Mr. Huang agreed to acquire, and Mr. Li agreed to sell, Mr. Li's legally and beneficially held 30% stake in Mei Cheng for a consideration of HK$12 million (share transfer). The company was further notified by Mr. Huang and Mr. Li that the share transfer was completed on October 27, 2025. Following the completion of the share transfer, Mei Cheng will be owned 70% by Mr. Huang and 30% by Mr. Huang Yibang, while Mei Cheng will continue to hold 204 million shares, representing 51% of the company's total issued share capital. Consequently, after the share transfer, Mei Cheng, Mr. Huang Renxiong, and Mr. Huang Yibang will collectively remain as a group of controlling shareholders.