OURGAME (06899): Li Yangyang and Choi Shun Sell a Total of 179 Million Shares

Stock News
Oct 20, 2025

OURGAME (06899) announced that on October 20, 2025, it received notification regarding a relevant equity disclosure made by Mr. Li Yangyang and his controlled company, Choi Shun Investment Limited (collectively referred to as “Mr. Li and Choi Shun”). This disclosure, dated October 17, 2025, indicates that Mr. Li and Choi Shun have sold a total of 179 million shares of the company, accounting for approximately 16.59% of the total shares issued as of the date of this announcement. Furthermore, Mr. Li and Choi Shun no longer have the right to exercise voting rights on 112 million shares (approximately 10.38% of the total shares issued) and have terminated the acquisition of 28.62 million shares (approximately 2.66% of the total shares issued). On the same day, a relevant equity disclosure made by Spark Holdings Limited (Spark) indicated that Spark has acquired a total of 323 million shares, amounting to approximately 29.95% of the total shares issued. Following these changes in shareholding, Mr. Li and Choi Shun hold no shares and are no longer the major shareholders of the company, while Spark has become the major shareholder.

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