NUMANS Receives One-Year Mandate to Divest Remaining 4.00 Million Lenovo Shares, Triggering Possible Major Transaction

Bulletin Express
May 27

Numans Health Food Holdings Company Limited (NUMANS) has secured a disposal mandate allowing its board to sell up to 4.00 million Lenovo Group shares—equivalent to approximately 0.03% of Lenovo’s issued capital—on the Hong Kong Stock Exchange within a 12-month period starting from 26 May 2026.

The mandate empowers directors to determine the timing, size and frequency of on-market sales, provided each tranche is executed at prevailing market prices and all percentage ratios under the Listing Rules remain below 75%. Using the Lenovo closing price of HK$15.75 on the trading day before the announcement, the full disposal could generate gross proceeds of about HK$63.00 million.

When aggregated with NUMANS’s previous sale of 6.00 million Lenovo shares completed on 22 May 2026, the prospective disposals would lift the applicable size test ratios above 25% but below 75%. Accordingly, the transactions are classified as possible “major transactions” under Chapter 14 of the Hong Kong Listing Rules, requiring announcement, circular and shareholder approval.

Controlling shareholder Far-East Fortune Management (China) Co., Ltd., which holds 75% of NUMANS’s issued shares, has provided written approval for both the disposal mandate and the potential disposals. On this basis, the company will not convene an extraordinary general meeting, in line with Listing Rule 14.44. A circular detailing the mandate is scheduled for dispatch to shareholders on or before 16 June 2026.

NUMANS intends to use the sale proceeds for general working-capital purposes. The group will report disposal progress in its interim and annual reports to ensure ongoing compliance with Listing Rule disclosure requirements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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