LVJI TECH (01745) has received 29 million shares from its controlling shareholder.

LVJI TECH (01745) announced that the company's Executive Director and controlling shareholder, Lu Jia Technology Holdings Limited (Lu Jia Technology), intends to increase its shareholding. As of the date of this announcement, the Board of Directors has been informed by Mr. Zang that Lu Jia Technology has acquired 29 million shares of the company through off-market transactions (increasing its shareholding), at a price of approximately HK$8.555 million (equivalent to an average purchase price of approximately HK$0.295 per share). The Board of Directors believes that the increase in shareholding by the controlling shareholder demonstrates Mr. Zang's confidence in the company's prospects and growth potential.