SEM Holdings (09929) was reduced by controlling shareholder Yaoji Capital's holdings by 2.815 billion shares, reducing its stake to approximately 51.9%.

SEM Holdings (09929) announced that the board of directors has been informed that on April 14, 2026, Yaoji Capital Limited (wholly owned by the chairman and non-executive director Mr. Yao Zhuobin) and as the controlling shareholder of the company made the following sales of the company's shares: (i) 178 million shares (approximately 8.9% of the company's issued share capital) sold to independent third party Joanneful Limited (Buyer 1) at a price of HK$0.65 per share (the first sale); (ii) 57.5 million shares (approximately 2.9% of the company's issued share capital) sold to independent third party Xie Qing (Buyer 2) at a price of HK$0.65 per share (the second sale); and (iii) 46 million shares (approximately 2.3% of the company's issued share capital) sold to independent third party Liang Meifeng (Buyer 3) at a price of HK$0.65 per share (the third sale). Yaoji Capital Limited further informed the company that these sales transactions were completed on the date of this announcement, and based on its knowledge, understanding, and belief, each buyer and their ultimate beneficial owners (if applicable) are independent of each other and unrelated to the company and its associated persons. Prior to the completion, Yaoji Capital Limited held 1.32 billion shares, representing approximately 66.0% of the company's issued share capital. The buyers did not hold any shares prior to the completion. After the completion, Yaoji Capital Limited holds 1.0385 billion shares, representing approximately 51.9% of the company's issued share capital. As of the date of this announcement, Yaoji Capital Limited remains the controlling shareholder of the company (as defined in the Listing Rules) and the largest shareholder of the company. The board of directors expects that these sales transactions will not have any significant adverse impact on the company and its subsidiaries' operations.