FW HOLDINGS (00572) is selling 278 million shares of Little Fish before the merger and 5.58 million shares after the merger.

FW HOLDINGS (00572) announced that in a series of transactions conducted between June 9, 2025, and January 2, 2026, the Group has sold a total of 278 million pre-merger shares and 5.58 million post-merger shares of Little Fish on the open market, at a total cost of approximately HK$7.437 million (excluding transaction costs). The Group acquired shares of Little Fish for investment purposes. It is worth noting that the trading price of Little Fish shares has been fluctuating over the past few years. Due to the sale and based on the book value of the shares sold, an expected gain of approximately HK$1.976 million (excluding stamp duty and related transaction expenses) is expected to be recognized in the Group's financial statements. This calculation is based on the difference between the book value of the shares sold and the total proceeds from the sale (excluding transaction costs). The Company believes that the sale provides an opportunity for the Group to reallocate resources and investment portfolios. The net proceeds of approximately HK$7.4 million from the sale will be used for the Group's general operating funds.