Seacon Shipping Group Holdings (2409) Announces Delay in Dispatch of Major Transaction Circular

Bulletin Express
Oct 22

Seacon Shipping Group Holdings Limited (2409) issued a notice regarding a delay in the dispatch of its circular related to an earlier announcement dated 29 September 2025. The acquisition of a 40% equity interest in a target company, alongside a provision of guarantee, triggered major transaction requirements under Chapter 14 of the Listing Rules, as the highest applicable percentage ratio exceeds 25% but remains below 100%.

Pursuant to Rule 14.41(a) of the Listing Rules, the circular was initially required to be sent to shareholders within 15 business days following the announcement, i.e., on or before 22 October 2025. Additional time is necessary to finalize certain information, prompting Seacon Shipping Group Holdings Limited to apply for a waiver from strict compliance with the deadline. A subsequent announcement will provide details on the waiver application status and the revised dispatch date.

As of 22 October 2025, the board of Seacon Shipping Group Holdings Limited comprises executive directors Guo Jinkui (chairman), Chen Zekai, He Gang, and Zhao Yong, together with independent non-executive directors Fu Junyuan, Zhang Xuemei, and Zhuang Wei.

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