Shantao Holdings (00412) completes sale of Century Connect Group shares

Zhitong Finance App News, Shantao Holdings (00412) issued an announcement. Regarding May 13, 2026, the seller (each is a wholly-owned subsidiary of the company) and the buyer PJ Millennium Limited Partnership (joint and individual benchmarks) entered into a share purchase agreement with other parties. The seller has agreed to sell and the buyer has agreed to buy the target company's Century Link sales shares (that is, 650 million Class A common shares of the target company as of the date of this announcement). The cost is Matters relating to US$942 million. Shareholders approved the share purchase agreement and the transactions to be carried out under the share purchase agreement on July 15, 2026. The completion conditions under the share purchase agreement have been met and remain in place, and the completion of Choice Faith occurred on August 24, 2026.

The buyer and seller have agreed, and Success Flow will be completed on September 21, 2026.

The Board of Directors of the Company is pleased to announce that the completion of Success Flow occurred on September 21, 2026, the seller has received Success Flow's completion price (70% of the cost), and the buyer has also received Success Flow's sales shares (70% of the sales shares). As a result, the sale (including the sale of Choice Faith sales shares and Success Flow sales shares) has been completed.