According to the latest information from the Hong Kong Stock Exchange, on January 15, a shareholder of QUALI-SMART Holdings (01348) transferred shares from Gao Cheng Securities to Hong Kong Securities Clearing Company Limited, with a portfolio transfer value of HK$11.788 million, accounting for 6.95% of the holdings. Previously, QUALI-SMART Holdings and the offeror, YAEL CAPITAL MANAGEMENT LIMITED, jointly announced that on December 12, 2025 (after trading hours), the offeror (as the buyer) and the selling shareholder (as the seller) entered into a sale and purchase agreement. The selling shareholder conditionally agreed to sell, and the offeror conditionally agreed to acquire the full legal and beneficial ownership of and title to the sale shares (amounting to a total of 887 million shares, representing approximately 60.20% of the total issued share capital of the company as of the date of this joint announcement), for a total consideration of HK$95.8411 million, equivalent to HK$0.108 per sale share.