YUFENGCHANG HLD(08631) controlling shareholder applies for restriction on share disposal, involving 25.563 million shares.

YUFENGCHANG HLD (08631) announces that the board of directors has received notification that the company's controlling shareholder, Hong Kong Yu Feng Chang Limited (HK Yu Feng Chang), successfully applied to the Hong Kong High Court on October 2, 2025, to issue a stop notice to China Prosperity Securities Company (China Prosperity) and Mr. Luo Mingyi in accordance with Rule 11 of Order 50 of the Hong Kong High Court Rules, to cease China Prosperity and Mr. Luo Mingyi from transferring, selling, or otherwise disposing of all 25.563 million ordinary shares (stop trading shares) of HK Yu Feng Chang held by the company, representing approximately 63.91% of the issued share capital (stop trading shares). The stop notice was also served to China Prosperity and Mr. Luo Mingyi on October 2, 2025. The board of directors has been notified by HK Yu Feng Chang that the stop notice remains valid as China Prosperity and Mr. Luo have not complied with Rule 12 of Order 50 of the Hong Kong High Court Rules by issuing a notice to HK Yu Feng Chang. The board of directors views the transaction between Luo Mingyi and Quan Bao Group Limited on December 5, 2025 (including the 25.563 million stop trading shares mentioned in the stop notice) with great importance and remains cautious. The board of directors has decided to seek legal advice before taking any further action, with the company's best interests being the top priority.