The controlling shareholder of China Star Group (00326) plans to sell 340 million shares of the company to Huaqiang

Zhitong Finance App News, China Star Group (00326) announced that on September 11, 2026, the company was informed by Mr. Huaqiang from the controlling shareholder, chairman and executive director of the company. On September 11, 2026, Heung Wah Keung Family Endowment Limited (HWKFEL) and Ms. Lin Qianqing (the buyer) were to sell 340 million shares of the company (equivalent to the company) on September 11, 2026 (Approximately 14.00% of the total issued share capital on the date of this announcement) A sales agreement was concluded.

After the sale is completed, the number of shares held by HWKFEL will be reduced from 1,559 million shares (equivalent to approximately 64.20% of the company's total issued share capital at the date of this announcement) to 1,219 billion shares (equivalent to approximately 50.20% of the company's total issued share capital at the date of this announcement). Following the completion of the sale, HWKFEL will remain the controlling shareholder of the company; and the buyer will be the main shareholder of the company, holding approximately 14.00% of the company's total issued share capital at the date of this announcement.