China Qinfa: Major Shareholder and Executives Acquire 7.10 Million Shares On-Market

Bulletin Express

May 21

China Qinfa Group Limited announced that a substantial shareholder and two executive directors increased their stakes through on-market purchases on 21 May 2026.

Mr. Xu Jihua, identified as a substantial shareholder, acquired 5.10 million ordinary shares. Executive directors Mr. Bai Tao and Mr. Zhai Yifeng each purchased 1.00 million shares, lifting the combined additional holding to 7.10 million shares.

The board indicated that these transactions reflect long-term commitment and confidence in the Group’s development prospects. Following the acquisitions, the company confirmed that the public float requirement under Hong Kong Listing Rules remains satisfied.

The company advised shareholders and potential investors to exercise caution when dealing in its shares.

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