SHEEN TAI (01335): Feng Yi sells 60% of its equity in Bao Heng to Dai Jizhou.

SHEEN TAI (01335) announced that the Board of Directors has been informed that Mr. Bai Chaoshun, the former executive director of the company, has sold his beneficial interest in the company (the sale transaction) and no longer holds any interests in the company. Prior to the sale transaction, Mr. Bai owned all the issued share capital of Feng Yi Capital Limited (Feng Yi), which holds a 60% equity interest in Bao Heng Group Limited (Bao Heng), with the remaining 40% equity interest in Bao Heng owned by Mr. Dai Jizhou. Bao Heng is a major shareholder of the company and holds 6.085 billion shares of the company (approximately 25% of the total issued share capital of the company) as of the date of this announcement. On April 2, 2025, Feng Yi sold its 60% equity interest in Bao Heng to Mr. Dai, making him the sole legal and beneficial owner of Bao Heng. Therefore, Mr. Dai will continue to be regarded as having an interest in the 6.085 billion shares of the company held by Bao Heng in accordance with Part XV of the Securities and Futures Ordinance.