Zhitong Finance App News, Wanli Printing (08385) issued an announcement. The company's board of directors and directors were informed by Mr. Lin Sanming, Chairman of the Board of Directors and Executive Director on September 18, 2026, that (i) First Tech Inc. (First Tech), a company incorporated in the British Virgin Islands and wholly owned and beneficially owned by Mr. Lin Sanming, had previously provided 31.212 million shares of the company's common shares (called “guaranteed shares”) to Yili Credit Limited (lender) as a lender Tech grants a guarantee for the loan; and (ii) since the loan has not been repaid, the lender has exercised its security right in the secured shares. According to Mr. Lin Sanming's notice, on September 18, 2026, all guaranteed shares were transferred to the lender in accordance with the exercise of security rights.
Immediately prior to the transfer, First Tech held 31.12,000 shares, accounting for about 29.90% of the issued shares, and Mr. Lin Sanming and his spouse, Ms. Yao Yuan, are believed to have interests in these shares through First Tech. After the transfer was completed, First Tech, Mr. Lin Sanming, and Ms. Yao Yuan did not hold or own any shares, and First Tech is no longer a major shareholder of the company. After the transfer was completed, the lender held 31.212 million shares, accounting for about 29.90% of the total number of issued shares, and has become the main shareholder. According to the director's knowledge and conviction after making all reasonable inquiries, except for the lender's security interest in the secured shares prior to the transfer, the lender and its ultimate beneficial owner are third parties independent of the company and its related parties.
Mr. Lin Sanming remains the Chairman of the Board and Executive Director. As of the date of this announcement, the Board of Directors is unaware of any changes in the composition of the board of directors, management of the company, or the business and operations of the company and its subsidiaries as a result of the transfer.
Furthermore, the company has applied to resume trading of shares starting at 9:00 a.m. on September 21, 2026.