SHIFANG HLDG (01831): The company's board of directors promptly vetoed and prevented illegal major insider trading to protect the fundamental rights and interests of all shareholders.

SHIFANG HLDG (01831) announced that on July 29, 2026, a submission to the Hong Kong stock transfer office "Tricor Securities Limited" regarding the illegal significant insider trading of the companys paper shares was promptly denied by the company's board of directors, resulting in failure. This demonstrates the boards rigorous governance and prioritizes the protection of the fundamental rights of every shareholder. The board successfully safeguarded the fundamental rights of all shareholders and upheld the basic legal image of Hong Kong listed companies in this incident of illegal significant insider trading. It is noted that the relevant performance of business orders mentioned in the companys voluntary announcement dated June 29, 2026, has not yet been disclosed, and the statutory financial year reporting period is approaching. Following collective confirmation from the companys board members (who have submitted complete evidence to regulatory authorities), it has come to light that certain individuals obtained information regarding relevant business progress through illegal means and attempted to conduct significant illegal insider trading with non-compliant documents at "Tricor Securities Limited" in Hong Kong, thereby harming the basic rights and interests of the companys shareholders and business partners. After this incident, many of the company's important business partners contacted the board to inquire whether this illegal significant insider trading had been completed, as its completion would severely impact shareholders fundamental confidence in the companys stock price and management ability. Many important business partners have clearly stated that if such illegal significant insider trading were to succeed, they would terminate all subsequent business cooperation with the company. The company hereby officially announces that this significant illegal insider trading has ended in failure. The company discloses the specific process of this significant illegal insider trading and the related information of the documents provided in accordance with Section 307B of the Securities and Futures Ordinance (SFO Cap. 571) (Requirement for listed corporations to disclose inside information) and Rule 13.09(2)(a) of the Main Board Listing Rules, to warn all shareholders to safeguard their property rights and to ensure shareholders' right to be informed. On July 28, 2026, "Tricor Securities Limited" received a paper stock transfer request, and on July 29, 2026, it officially notified the company via email, requesting confirmation of registration. The companys board promptly proposed to deny the confirmation, successfully protecting the fundamental rights and interests of all shareholders and business partners, and winning the trust and commitment of most important business partners to continue their business cooperation with the company to ensure stable financial performance. This significant illegal insider trading involved 75,759,903 shares of the companys stock (over 5% of the total share capital). The ultimate beneficiaries listed in the non-compliant and failed transfer documents were Mr. Chen Jiaxuan and Mr. Chen Jiarui. The company has appointed criminal lawyers to confirm the relevant criminal responsibilities of the ultimate beneficiaries of this significant illegal insider trading based on specific factual evidence under Section 291 of the Securities and Futures Ordinance (SFO), Part XIV (Offense of insider dealing) for potential prosecution, and will report to other law enforcement agencies gradually, besides the already legally registered supervisory authorities. The company reiterates to all shareholders and business partners its solemn commitment to rigorous governance, and that the announced business developments are stable. Any individuals or legal third parties attempting to illegally harm the fundamental rights and interests of the companys shareholders or business partners will be disclosed and prosecuted according to law.