LVJI TECH-NEW (01745): The controlling shareholder intends to increase their equity stake.

LVJI TECH-NEW (01745) announced that the company's board of directors was notified by Mr. Zang Wei Zhong (the company's executive director, chairman of the board, and controlling shareholder) that Lu Jia Technology Holdings Limited (a company wholly owned by Mr. Zang Wei Zhong) intends to acquire up to 1 million shares of the company from one or more existing shareholders by way of transfer, starting from the date of this announcement. As of the date of this announcement, Mr. Zang Wei Zhong holds interests in a total of 16.7574 million shares, accounting for approximately 33.11% of the total issued shares. According to Mr. Zang Wei Zhong's intentions, after the proposed acquisition, the total shareholding of the company's controlling shareholder and any persons acting in concert with them will not result in a mandatory offer obligation according to Rule 26 of the Hong Kong Code on Takeovers and Mergers, regarding controlling shareholders of a Hong Kong listed company (together with persons acting in concert with them) holding between 30% and 50% of the shares over any twelve-month period (i.e., it will not increase their total holding above 2% of the minimum holding level in the twelve months prior to the proposed acquisition). The board of directors believes that the proposed acquisition demonstrates Mr. Zang Wei Zhong's confidence in the company's prospects and growth potential. According to the information available to the company and to the knowledge of the directors, the company will maintain sufficient public float of issued shares after the proposed acquisition.