Jiu Rong Holdings Limited completed a series of open-market disposals of Sundy Service Group (SSG) shares between 16 October 2025 and 26 May 2026.

• Volume and Pricing: 58.97 million SSG shares were sold at HK$0.044–HK$0.092 per share, generating HK$3.36 million in gross proceeds (excluding transaction costs).

• Stake Impact: The divested shares equate to 1.54 % of SSG’s issued share capital. Post-transaction, Jiu Rong retains 33.85 million SSG shares, or approximately 0.88 % of SSG.

• Regulatory Classification: Aggregated percentage ratios under Chapter 14 of the Hong Kong Listing Rules exceed 5 % but remain below 25 %, qualifying the disposals as a discloseable transaction requiring announcement.

• Disposal Mandate Status: The sales were executed outside the 6 March 2025 Disposal Mandate, which set a HK$0.17 minimum price. Market levels during the disposal period rendered that mandate inapplicable.

• Use of Proceeds: Net proceeds of about HK$3.36 million are earmarked for general working capital.

• Rationale: Management cited macro-economic uncertainty and a strategic shift toward redeploying resources into other business segments, including digital video, new energy vehicles, cloud big data, property development and investment, and general trading.

• Counterparties: Shares were sold on the open market; buyers are independent third parties.

• SSG Snapshot: For FY 2025, SSG reported revenue of RMB231.41 million, profit attributable to owners of RMB17.31 million, and net assets attributable to owners of RMB410.59 million.

Jiu Rong indicated an intention to divest the remaining SSG shares in future, subject to compliance with Listing Rules disclosure thresholds.